Quicken’s Dan Gilbert snaps up Detroit’s landmark Book Tower

Detroit's Book Tower and Book Building were recently purchased by Dan Gilbert. (Wayne Hsieh)

Detroit’s Book Tower and Book Building were recently purchased by Dan Gilbert. (Wayne Hsieh / Flickr)

Dan Gilbert, billionaire founder of Quicken Loans and champion of downtown Detroit commercial real estate, last week announced he will buy the long-vacant 38-story Book Tower skyscraper and two other adjacent buildings on Washington Boulevard.

More after the jump.

Detroit gets its feet wet with “blue infrastructure”

Downtown Detroit, as seen from the Detroit Riverwalk in 2012. (Kevin Chang via Flickr)

Downtown Detroit, as seen from the Detroit Riverwalk in 2012. (Kevin Chang via Flickr)

Detroit‘s Water & Sewerage Department hopes an experiment in so-called blue infrastructure will help the cash-strapped city stop flushing money down the drain.

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Mixed-Use Development Planned for the Detroit Riverfront

Midwest
Thursday, August 1, 2013
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(Economic Development Corp. of the City of Detroit)

(Economic Development Corp. of the City of Detroit)

Detroit’s Economic Development Corp. gave a preliminary green light to at least 291 low-rise units of housing and retail space along five blocks of the Detroit riverfront.

St. Louis-based McCormack Baron Salazar, whose CEO Richard Baron is a Detroit native, would first build the three- to four-story townhouses and apartment buildings along Atwater and Franklin Streets, between the Dequindre Cut Greenway and Riopelle Street. The site borders the Detroit Riverwalk and Tricentennial State Park. If that goes well, the firm could develop a second phase to add 200 rentals or condo units, as well as more retail and restaurants.

More after the jump.

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