Archive for the ‘Detroit Ramblings’ Category

View looking east across Woodward Avenue; the ...

Detroit, Mi

Gilbert company buys another historic Detroit building

    • BY LOUIS AGUILAR
    • THE DETROIT NEWS
  • Detroit — Dan Gilbert’s real estate unit bought a sixth Woodward Avenue building in downtown — another historic structure that was being underused, according to the commercial real estate agent involved in the sale.

The 1500 Woodward building was bought for $575,000 by Bedrock Real Estate Service last week, said Robert Mihelich, first vice president of CBRE Inc. The six-story building, on the northeast corner of Woodward and John R, was in foreclosure, he said.

Gilbert’s Bedrock plans to invest up to $4 million to make a pedestrian-friendly retail space with offices or apartments, according to the company’s website. Bedrock is co-owned by Gilbert and Jim Ketai.

Bedrock officials and a spokeswoman for Gilbert had no comment Tuesday.

This recent purchase means that Gilbert — founder and chairman of Quicken Loans Inc. — now controls four buildings in the 1500 block of Woodward between John R and Grand Circus Park, through Bedrock. The others are the Lane Bryant building, 1520 Woodward; the Arts League building, 1528 Woodward; and the 1550 Woodward building.

Bedrock also seeks a 15-year extension of tax breaks from the city on the old Hudson’s department store site on Woodward to explore retail and residential development. Gilbert also owns the First National Building at 660 Woodward Ave.The 1500 Woodward structure was built in 1891 for F. J. Schwankovsky, a company that sold pianos, organs and musical merchandise. It later housed the Wright Kay jewelry firm.

The building has been for sale for at least three years, according to CoStar Group, a commercial real estate information service. Costar lists the 22,500-square-foot building as 100 percent vacant, but there is an operating nightclub in the building.

The nightclub’s lease will not be renewed, Mihelich said.

laguilar@detnews.com

(313) 222-2760

Other Gilbert buildings

Madison Theatre
1555 Broadway St.
Chase Tower Office Building
611 Woodward Ave.
The Dime Building
719 Griswold St.
Financial District Garage
730 Shelby St.

Other Detroit News 2

Posted: December 4, 2011 in Detroit Ramblings
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This weeks Ramblings in The Detroit area

Harpos on Fire?

Social media reports today had Detroit rock fans worried that the legendary east-side club Harpos had gone up in flames. While that wasn’t true, the Detroit Fire Department confirmed there was a fire at the building.

A Detroit Fire Department spokesperson told the Free Press this afternoon that someone passing by the club, located at 14238 Harper Ave., called in a report that they smelled smoke.The fire department responded and was there for 38 minutes.

It’s unclear how extensive the damage was, according to the spokesman. A Free Press photographer who drove by the building Thursday afternoon could not see any damage from the outside.

Reached by the Free Press, a man who identified himself as a manager for the club and gave his name as Mike M., said that there had been some maintenance on the property recently but “we’re all good.”

He added that employees from Harpos first heard rumors about the fire on Facebook. About 2:39 p.m. an administrator for the Harpos’ Facebook page posted this message to fans: “Relax all is well but thanks for the concern over nothing.”

The 29,000 sqaure-foot concert theater is currently listed as being for sale on http://www.churchrealestatesales.com. It’s listed at $699,000.

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Detroit Label – Rock the Runway

We are getting most excited for Rock the Runway 2011, This year They are working with Wigs 4 KIds.   This year there will be over 250 models and 15 Detroit Area  Clothing Companies  for info check out our Previous post.

Wigs 4 Kids
Wigs 4 Kids


Misc Ramblings from Detroit Label

Other Detroit News

Posted: November 22, 2011 in Detroit Ramblings
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City seal of Detroit, Michigan.

This weeks Ramblings in Detroit

Misc Ramblings from Detroit Label