Quote:
Originally Posted by DZH22
In Boston we had a major hole in the ground right in the heart of the city, Downtown Crossing, for 5 years. The 495' original proposal didn't get built. The 420' revised proposal didn't get built. Instead we waited, and waited, and waited, and were finally rewarded with a 685' which jump-started the current boom.
Perhaps Detroit would be better off leaving this as a hole in the ground for a couple of years. Then instead of settling for 680', you can get the new tallest that this was supposed to be.
|
It's kind of past that point. Most of the cassions have already been drilled and they're already halfway with columns for the underground parking structure. Prior to this point, the previous parking structure had to be demolished and the foundation had to be strengthened. The site could originally only support a 16-20 story structure so anything above that has been a welcome change but it does mean a more expensive and time consuming project.
Quote:
In the age of COVID, the hotel aspect is probably going to stall this out. Maybe they'd be better off switching to residential, or just waiting and producing a better, taller tower a couple years from now.
|
Half the tower is already residential and it'll be the most expensive in the city. I think an all residential tower at 912 might make it the most expensive in SE Michigan which is risky territory since you would have to market this property to buyers who otherwise can buy mansions in villas in any of Detroit's best suburbs. That's a pretty hard sell with the current state of Detroit.
Quote:
What are the thoughts of those of you from there? Are you happy rushing out the 680', just to "get something built" or would you rather wait for something grander? If it does get built now at 680', are there other legitimate shots at getting a new tallest in the future? It looks like you have only ended up with 2 buildings over 300', and none over 350', since the Ally Detroit Center was completed in 1993. Could we really expect Dan Gilbert to put up a 2nd, even larger vanity project if this one gets built at 680' now?
|
The Monroe Blocks could be taller if redesigned. It's already had a height increase since originally proposed. However, there's as of yet been no indication that there's any intention on making it the city's new tallest.
The city needs new office space and the Hudson's site is aimed at technology companies that wouldn't occupy a traditional office high rise. The Midrise block is designed in such a way that it's basically one continuous floor plate that spirals up. The Monroe Blocks fulfies more traditional office space.
Dan Gilbert has kind of been known for luring large companies into the city so if he managed to get more big tenants then obviously there will have to be new towers. New tallest would obviously depend on how big the tenants are. But at that point, I feel, that's more long-term speculation rather than anything immediate.