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Downtown Birmingham Office Building Sells for $14 Million
/in SE Michigan /by Tracy WillisFarmington Hills-based Bacall Companies LLC has purchased a downtown Birmingham office building and parking deck at 380 N. Old Woodward Ave for $14 million. The company plans to invest $1 million in renovations that will include tenant improvements. Renovations will begin in the next 45 days. The 42,000-square-foot building is 100% leased and is the second key downtown Birmingham office building sold this year.
Amazon Fresh Grocery Stores Are Taking Their Sweet Time
/in SE Michigan /by Tracy WillisConstruction on the Rochester Hills Amazon Fresh grocery store has stalled. In fact, work has stalled on three of the four Amazon Fresh stores in the region, Shelby Township, Rochester Hills and Troy. Construction at the Livonia location continues. Although Amazon has never confirmed it’s opening branded grocery stores in the region, sources point to site plans that were submitted to the four communities over the last year. Sources also believe that Amazon is waiting until early 2023 to open all the locations at once.
Washtenaw County Clerk Discovers Racial Restriction Policies
/in SE Michigan, Uncategorized /by Tracy WillisWashtenaw County’s county clerk, Larry Kestenbaum, has been researching county property records for over 17 years. He has found evidence of racially restrictive covenants all over the county. These policies kept people of color from living in many neighborhoods unless they were in-service for white families. A group called Justice InDeed, along with the Civil Rights Litigation Initiative at the University of Michigan have decided to get involved with the project. Together with Kestenbaum’s office, they filed paperwork to officially repeal and replace the 1947 whites-only policy for the Hannah subdivision in Ann Arbor. Although the restrictions haven’t been legal or enforceable for years, repealing them will affirm the neighborhood’s welcoming inclusivity.
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Developer Backs Away From Big Boy Site
/in Detroit /by Tracy WillisThe site of Detroit’s only Big Boy restaurant, across from Belle Isle, is back on the market. The Platform LLC has backed away from its plans to build new apartments on the site. The Farbman Group is marketing the property for an undisclosed price. According to a Platform spokesperson, the company remains committed to its work in Detroit. The Platform had envisioned an 8-10-story apartment building with 240 studio, one- and two-bedroom units.
Book Mansion Hits Market Soon
/in Detroit, SE Michigan /by Tracy WillisThe James Burgess Book Jr. mansion on East Jefferson Avenue will most likely hit the market for sale in the very near future. The property has been taken back by a foreclosing lender. The 1911, 12,000-square-foot building had been owned by Historic Book House LLC. The approximate $1.245 million mortgage is from December 2016. Soaring Pine Capital Real Estate and Debt Fund II are the lenders. The deadline to redeem the property by paying $937,006 plus interest is January 29. According to a Soaring Pine representative, that is unlikely to happen. The occupants had planned to hold orchestral concerts for the Ars Poetica Chamber Orchestra and give music lessons to pay back the loan. Unfortunately, those plans went by the wayside with the COVID-19 pandemic.
Port Authority Raises Concerns Over Boblo Building Destruction
/in Detroit /by Tracy WillisDetroit-Wayne County Port Authority alleges that the Ambassador Port Co. is not taking the appropriate steps toward demolishing the Boblo building. According to the port authority’s law firm, Ambassador Port is acting in violation of its Master Concession Agreement with DWCPA. The razing of the Boblo building is included in a pending deal between the two parties. The agreement would end the Master Concession Agreement, and Ambassador Port would gain ownership of the dock site from the port authority. In exchange, it would pay $1 million outright, waive the authority’s $2 million debt, and pay $2 million in blight removal and cleanup work. The deal requires Detroit City Council approval to move forward. The possibility of the building’s destruction before the pending deal is finalized is concerning to the port authority.