Posted Mar 20, 2019, 9:49 PM
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Join Date: Nov 2010
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DETROIT | AC Hotel by Marriott | FT | 10 FLOORS
Quote:
The Wayne State University Board of Governors approved Wednesday a long-term lease of the to-be-decommissioned Bonstelle Theatre as part of Detroit-based developer The Roxbury Group's planned West Elm hotel project.
David Di Rita, principal of Roxbury, said the 45-year lease also includes a number of options to renew and that the property would be renovated and restored with things like updated HVAC systems and interior, auditorium and finishes. A specific budget for the theater renovation project has not been calculated, but the overall effort to restore it and construct the West Elm hotel on Woodward Avenue on the edge of Midtown and Brush Park is expected to cost $50 million.
In addition to the specifics on size, the project — which has been referred to internally as the "Hotel Bonstelle," as in the "Hotel Bonstelle by West Elm" — is slated to incorporate a glass-covered conservatory between the WSU-owned Bonstelle at 3424 Woodward Ave. to the south of the project site and the hotel at 3448 Woodward Ave., according to Van Dyke.
The first two floors are expected to be meeting spaces, office, fitness and restaurant uses. Floors three through 11 are to be hotel rooms, while the 12th floor is to be hotel suites.
A conceptual rendering presented on Tuesday shows the Bonstelle with its columns re-exposed.
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Van Dyke said financing for the project should be secured by the end of the year, with construction beginning in 2020, a delay from the original 2019-2020 construction time line announced a year ago.
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https://www.crainsdetroit.com/real-e...-hotel-project
Last edited by Urbannizer; Feb 8, 2024 at 4:41 PM.
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