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Posted Aug 19, 2017, 6:24 PM
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Registered User
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Join Date: May 2012
Location: Metropolitan Detroit
Posts: 712
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Quote:
Carr Center to move into prime space in downtown Detroit
By SHERRI WELCH
August 18, 2017
Crain's Detroit Business
The Carr Center is temporarily moving in to a high-profile location in downtown Detroit that's owned by Dan Gilbert's Bedrock LLC.
The building at 1505 Woodward Ave. at Clifford is across from the John Varvatos store and recently hosted the "Still Searching" exhibition of Detroit artist Charles McGee who painted the "Unity" mural on the exterior of the 28 Grand Building in Detroit's Capitol Park.
"Our agreement with them is they're welcome to remain in the space indefinitely until a permanent tenant signs on for that space," said Gabrielle Poshadlo, senior communications manager at Bedrock.
“While this current arrangement is temporary, we’ve already begun discussions with (Carr Center President Oliver Ragsdale Jr.) regarding a more permanent solution to keep his organization downtown.”
Bedrock is renting 4,600 square feet on the first floor of the building to the Carr Center at cost. Poshadlo did not provide the per-square-foot rate to cover pass-through costs for things like security and maintenance.
“They came to us, and they were looking for solutions downtown while they figure out what their long-term plan is,” she said. “Happily, we had a space available that worked with their current needs.”
Carr Center will begin operating from the site next week, Ragsdale said.
The Woodward site is one of seven low-cost locations the Carr Center is operating from in Midtown, southwest Detroit and Bloomfield Hills to house its arts and education programs and provide arts groups and artists with space, following its forced move from the Harmonie Club building in Grand River after a failed attempt to buy it.
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http://www.crainsdetroit.com/article...wntown-detroit
Quote:
Is long-vacant Moose Lodge building inching toward renovation?
KIRK PINHO
Crain's Detroit Business
August 18, 2017
Signs are pointing toward an upcoming renovation of the long-vacant Loyal Order of the Moose Lodge building at 2115 Cass Ave. in downtown Detroit.
A document that the Ilitch family's Olympia Development of Michigan filed with the Michigan Department of Environmental Quality last week shows some asbestos cleanup is scheduled to take place over a few days next week, with Detroit-based Qualified Abatement Services Inc. as the contractor.
In addition, there has been parking lot work around the building at Cass Avenue and Elizabeth Street across from Bookie's Bar and Grill recently, as well as some painting done on plywood on window coverings.
Seems to me that historic renovation is in the works. But Olympia is remaining mum to me about any details of a renovation.
I asked Ed Saenz, director of communications for the Detroit-based company, for information Thursday about what's in store for the property, but he only said Olympia has "not announced future plans yet."
The DEQ document lists Detroit-based Olympia as the owner and says the building is 30,000 square feet (although Washington, D.C.-based real estate information service CoStar Group Inc. says it's about 45,000 square feet).
Olympia is spearheading the 45- to 50-block District Detroit project anchored by Little Caesars Arena for the Detroit Red Wings and Detroit Pistons that is set to open next month.
In May, the company announced plans to renovate four other long-vacant buildings around the arena for residential use:
The United Artists Theatre building at 150 Bagley St. with 148 units and first-floor retail space. Construction is to begin this year.
The Hotel Eddystone at 110 Sproat St. with 96 units and first-floor retail space. Construction is planned to begin next year.
The Hotel Fort Wayne with 163 units at 408 Temple St. Construction is to begin next year.
The Alhambra Apartments with 46 units at 100 Temple St. Construction is to begin next year.
Historic Detroit, which tracks the city's buildings and architecture history, says the Moose Lodge building opened in 1922 and was designed by Baxter, O'Dell & Halpin. Curbed Detroit reported on some minor repair work taking place there in 2013.
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http://www.crainsdetroit.com/article...ard-renovation
Quote:
LinkedIn to open Detroit office — but where?
By KIRK PINHO
Crain's Detroit Business
August 18, 2017
Where LinkedIn plans to open an office in downtown Detroit to accommodate a reported 30 sales employees remains a mystery.
The Silicon Valley-based social media company said in a blog post this week that its first new U.S. office in a decade will open in Detroit.
LinkedIn Senior Vice President of Global Solutions Mike Gamson wrote that a time frame and location for the permanent office will be announced at a later time, although the first employees in temporary office space should be working in the city "within the next few months."
"After evaluating more than 10 U.S. cities, we chose Detroit because we believe the Motor City presents a unique opportunity for LinkedIn to hire top talent and be a part of an exciting economic turnaround story," Gamson wrote.
"This new office gives us a chance to marry LinkedIn's uniquely powerful culture with Detroit's dynamic talent to create economic opportunity for our employees, the city and our company."
The general real estate rule is that employees typically use about 250 square feet each, although that figure has been shrinking in recent years as companies move toward more condensed and collaborative workspaces.
Based on that, LinkedIn is probably looking for no more than 7,500 square feet.
Microsoft Corp., which is also opening an office in downtown Detroit in the One Campus Martius building, bought LinkedIn for $26.2 billion last year. Dan Gilbert and Meridian health system bought One Campus Martius, the former Compuware headquarters building, in 2014.
Whitney Eichinger, director of communications for Dan Gilbert's Bedrock LLC, said the company "cannot comment on rumor and speculation" when asked whether it has been in lease negotiations with LinkedIn.
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http://www.crainsdetroit.com/article...0%94-but-where
Detroit a midsized metro hmm if they mean not in top ten then true, not exactly what i would consider one but whatever.
Quote:
Chase: Detroit leads midsize cities in spending growth
By CHAD LIVENGOOD
Crain's Detroit Business
August 18, 2017
Consumer spending in April in metro Detroit among credit and debit card users was 4.8 percent higher than a year ago, the highest year-over-year growth in the midsize metropolitan areas studied by the JPMorgan Chase Institute.
Metro Detroit's spending growth ranked third overall behind Denver (10.4 percent) and New York (5.2 percent) among the 15 metropolitan areas the banking giant's institute has been tracking for its monthly Local Consumer Commerce Index report.
"Metro Detroit was the best-performing in the midsize metro areas," said Diana Farrell, president and CEO of the JPMorgan Chase Institute, a company think tank.
In the city of Detroit, spending in April was up 5.3 percent from a year ago, compared with 4.7 percent growth in the suburbs, according to the report.
"It's a particularly good story for Detroit," she said.
JPMorgan Chase Institute uses Chase bank debit and credit card transactions from 59 million customers to track spending and weights that data based on underlining demographics in each market, Farrell said.
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http://www.crainsdetroit.com/article...pending-growth
Last edited by Docta_Love; Aug 19, 2017 at 6:46 PM.
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