Park Avenue Building (Detroit, Michigan)

The Park Avenue Building is a 12-story beaux-arts high-rise located at 2001–2017 Park Avenue in the Grand Circus Park Historic District in downtown Detroit, Michigan. Formerly known as the General Necessities Building, the 101,565 sq. ft. office building was designed by Albert Kahn in 1922.[1]

Park Avenue Building

The building was previously owned by Ralph Sachs, the former owner of the historic Hotel Charlevoix which was demolished in 2013, the Park Avenue building was listed for sale on July 3, 2015 for $16,500,000. The Park Avenue Building has been targeted for demolition by city planners as part of the "Arena District" rehabilitation effort.[2]

Redevelopment

In April 2018, developer Rino Soave of Infinity Homes & Co purchased the building from the Sachs estate for an undisclosed price after Sachs died in January 2017. Soave's company plans to redevelop the building into 75-100 apartments with 4–5,000 square feet of retail on the first floor. [3]

References
  1. "UPDATED 9-26: REPAIRS ORDERED FOR PARK AVENUE BUILDING #KEEPPARKAVE". PD News. Preservation Detroit. September 22, 2014. Retrieved 9 November 2015.
  2. Beshouri, Paul. "Abandoned Park Avenue Building Suddenly Faces Demolition". Curbed Detroit. Vox Media Inc. Retrieved 9 November 2015.
  3. Pinho, Kirk. "Novi homebuilder plans multifamily Park Avenue Building redevelopment". Crain's Detroit Business. Crain's. Retrieved 7 November 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.