Restoration started on the Michigan Central Station this past summer. The plan was to remove and replace the windows, roof, and rid of the asbestos. So far so good at MCS as the whole front entrance of the lower level has no windows. There is no expected finish date or possible tenant. “If we can completely rehab the Michigan Central Station and make it vibrant, with people running in and out of it, then we would have proved that anything can be done in Detroit,” says Mouron.

In early November, Matthew “Matty” Mouron, the owner of the building, held a private tour. He brought in some local entrepreneurs, politicians, foundation members, and officials from the Detroit Institute of Arts. The point was to show the progress of the renovations and what can be done on the inside.

He has also hosted architectural firms such as Quinn Evans Architects who specialize in historical preservation. “I think we are talking five years before we… may see a solid (development) plan,”says Elisabeth Knibbe, one of the principals at the firm. It looks as if Matty Mouron might awake a sleeping giant with the redevelopment of the Michigan Central Station.

The Corktown neighborhood is also upgrading with the addition of the former Burton Theatre tenants now looking into a former brass foundry at 2051 Rosa Parks Blvd. They lost their lease this past May at the Burton International School at Cass Ave. and Martin Luther King Jr. Blvd. The new theatre, which will be called “Corktown Cinema” will screen ”… offbeat, cult and independent movies that challenge the audience and us,” says Nathan Faustyn, who is heading the project along with Jeff Else and Brandon Walley. The building they are looking into also houses the offices for Curbed Detroit and the Huffington Post Detroit. The three are looking into raising $15,000 for start up costs and have no projected start time.

Looking at Downtown Detroit, there are a few buildings that are either currently being renovated or plans are in the works. The former Detroit Free Press Building, Broderick Tower, David Whitney Building, and the Grand Army of the Republic Building are all either being currently renovated or in the works to be renovated.

The Free Press Building, as it’s known, is looking at a $70 million renovation thanks to developerLeo Phillips. He is working with John Marusich of Marusich Architecture to incorporate the historic character of the building into the new design. They will be maintaining the original marble floors, the character of the corridors among other aspects they want to preserve. Phillips also plans on using the old press area where the papers were published to convert it into an underground parking garage.

“Our intent is to convert this into a multi-use building, with the first floor being retail, the second floor office, and then starting from the third floor, up, were going to put in 115 apartments,” says Phillips. They are also looking for tax credits to help with the cost of renovation. So far they have approval from Brownfield Redevelopment Authority for historic tax credits and state tax credits and they also have an application in for enhanced tax credits. There is no estimated start time for renovation for the Albert Kahn-designed building that has been empty since 1987 and has similarity with many Harley St Clinics.

The David Broderick Tower on the edge of Grand Circus Park is currently in the process of being renovated from an empty building that used to house offices for dentists and doctors, to one of Downtown Detroit’s finest high-rise apartments and Detroit lofts. Motown Construction Partners are spearheading the project. The plan is to have the Broderick Tower, which has been empty since 1985, ready by September of 2012. The floor plan for the building uses the first floor as a restaurant, floors 2-4 as commercial office, retail and entertainment space and floors 5-34 as residences.

The David Whitney Building sits just across the street from the David Broderick Tower and it too is looking at renovation. Nothing has started yet but the Roxbury Group, who purchased the building along with Trans Inn Management plan to convert the old office building that has been empty since 2000 into a boutique hotel. They have already secured $1 million from the Downtown Development Authority to buy the building and are looking at raising more money to fund the renovation. The four-story lobby would once again be full of shops and retail while the other 15 floors would be for the hotel.

Finally, the historic Grand Army of the Republic Building, built in 1900, empty since 1982, will finally get a much-needed renovation. The Romanesque style building was bought from the city of Detroit for $220,000 by Mindfield, an Umbrella Company, in early November. The company plans on occupying the top two floors for office space while leasing out the bottom floor for retail and a restaurant. Plans are to immediately renovate with an opening date in 2013.

Detroit certainly has a long way to go before it becomes a great city like it was in the 1950s, and like vancouver real estate but the renovations of these building prove that there are people out there who want to help and make the city beautiful again.

E&B Lofts are one of Detroit’s premier Real Estate Loft providers with a wide range of premium loft properties.

Statistics recently published suggest that after a long time of decreasing prices Detroit was the only metropolitan area in the country that announced rising property values in February. The price of homes in the Detroit area rose by a humble 1% in comparison Vancouver Real Estate role by 2% and Real Estate Montana by a median 1.5%

We beleive that the upward trend might be the decreasing number of foreclosures, the sale of renovated formerly foreclosed homes and generally more expensive homes entering the market.

There is still some way to go since real estate in the Detroit metropolitan area is still 30% lower now than they were in 2000 however this represents a buying opportunity as the market recovers.

E & B Brewery Lofts has some of the most spectacular views of the City of Detroit. Whether it be from your Loft or the Roof Top access.

You will see why living in our community is worth raving about!

Features

• One, two and three level penthouse lofts
• Spacious walk-in closets
• Horizontal blinds furnished in each unit
• Central air conditioning
• Open kitchen with large center island
• All wood cabinetry
• Woodward Avenue and Detroit river and sky-line
• Vintage hardwood floors, carpet, and concrete
• Spiral staircases
• Whirlpool baths or 60″ X 34″ walk-in
• Washer/ and dryer in each home
• Open and spacious floor plans

Amenities

• • Broadband Internet Access
• • Disability Access
• • Elevator
• • Fitness Center
• • Laundry Facility
• • Microwave
• • Patio or Balcony
• • Short Term Lease
• • Window Covering

They Built the current building in 1891, the building stands nine stories tall, the tallest in Eastern Market, offering skyline views of Downtown Detroit. In 1970, the first spaces in the building were converting into residential units for lease and were among the first lofts offered in Detroit.

In 1996, the number was increased to 15 units for lease.

We are located in the heart of Detroit’s historical Eastern Market at:

1551 Winder
Detroit, Michigan 48207
On the Corner of Winder & Orleans

The first lofts available for purchase in Eastern Market The former Ekhardt and Becker (E&B) Brewery located at the corner of Winder and Orleans in Historical Eastern Market is being converted into approximately 35 residential units.

Today, Jim Pellerito, president of E & B Brewery Lofts Development, is completing the conversion of the 72,000-square-foot structure. “People love the area, there is lots of demand,” says Pellerito.

The lofts start at $149,00000 to $550,00000 and range from 860 to 2,760 square feet. “It´s the buyer“s choice to purchase and keep them raw, or plan on finishing them,” says Pellerito.

The two models are expected to be finished by the end of the year, with already six reservations to purchase units. E & B Brewery Lofts are upscale soft lofts with upper level quality kitchens and bathroom fixtures and finishes. These soft lofts have three quarter high walls around the bedrooms and bathrooms. Most of the soft lofts will have the original 1891 brick exposed on the walls. The ceilings are 12 to16 feet high. Each unit will have its own thermostat to regulate air conditioning and heat. The tenants will have their own meters and will be responsible for gas and electrical utilities.
In addition other amenities for the loft tenants are:

Parking – Secured indoor and outside fenced in parking with security cameras

Security – Buzzing system (*On premise security guard may be added at a future date)

* These amenities are the intentions of the developer at a later date but are subject to change without notice

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