This building nearly sold for only $1.8 million back in 2014.
Salwan Georges, Detroit Free Press
Plans in the works for this prime downtown Detroit building
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Oh what a difference three years makes.
Amid a strengthening downtown real estate market, Wayne County reached a tentative agreement to sell a downtown Detroit office building near Campus Martius for $4.65 million to the Elia Group, according to a joint press release on Sunday.
The deal for the four-story, 29,968-square foot building along Woodward Avenue in the shadow of the towering 40-story Guardian Building still needs approval by the Wayne County Commission. But if it comes together, the sale's price would be more than double the amount tentatively agreed to in 2015 with a different prospective buyer.
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Plans:
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Completed in 1972, the glass-covered former bank building is at the southern-most stop on the QLINE. Plans for the building include two first-floor tenants: an unidentified restaurant and a joint downtown Detroit-Wayne County welcome center. Above that would be three floors of office space, including for the Downtown Detroit Partnership.
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