HFD Real Estate Speculation

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HFD Real Estate Speculation

Postby Random Douchebag » Fri Aug 28, 2009 11:00 am

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To answer the original poster in a very short little snippet, it's all location. I live in a functional neighborhood with little to no outside foot traffic and all is well here. My boyfriend lived on a very rough street downtown and life there was bleak and dangerous. The type of place where any little noise has you reaching for your shotgun and you sleep with one eye open. His particular situation was rather extreme, so just be careful in selecting your location. He had a dream of restoration, but had a chance to get out, and jumped on it. Select your location very carefully. If you don't live locally, you could probably get sound advice on particular neighborhoods on this website.


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My boyfriend lived a stone's throw from one of the architectural jewels of the city, The Masonic Temple. I believe this is the biggest masonic temple in the world. Temple Street has been absolute devastation for years, would you want to live next door to the Temple Motel? No. But trust me, soon Temple Street will look much different. The motel will be gone (good riddance) and the area will be developed. There are many positive developments happening within the city, to be sure. Here are a couple of nice olds shots that show the beauty of the temple:
http://www.themasonic.com/history.html#history


Sincerely, I'm very happy for bumble's boyfriend. He was working his ass off. Other folks proved to be nothing but speculators.

131 Temple sold for $650K. I wonder if this windfall will prompt its former owner to renovate any of the many abandoned, blighted buildings he also owns.
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Re: HFD Real Estate Speculation

Postby ldodger » Tue Sep 01, 2009 9:06 pm

It would appear Ocean2026 is (once again) hunting for property in the D:

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Pretty Church 8501 Woodward


I've heard it got broken into was Abyssinian Church at one time. Is this Highland Park. It just looks like one of those nice buildings Detroit ought to preserve. It may not have any practical uses though.

Has anyone been inside ? Is there any views from the top floors?



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Re: HFD Real Estate Speculation

Postby Putski » Wed Sep 02, 2009 8:40 am

Random Douchebag wrote:
bumble Join Date: Aug 2009
Posts: 20

To answer the original poster in a very short little snippet, it's all location. I live in a functional neighborhood with little to no outside foot traffic and all is well here. My boyfriend lived on a very rough street downtown and life there was bleak and dangerous. The type of place where any little noise has you reaching for your shotgun and you sleep with one eye open. His particular situation was rather extreme, so just be careful in selecting your location. He had a dream of restoration, but had a chance to get out, and jumped on it. Select your location very carefully. If you don't live locally, you could probably get sound advice on particular neighborhoods on this website.


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Posts: 20

My boyfriend lived a stone's throw from one of the architectural jewels of the city, The Masonic Temple. I believe this is the biggest masonic temple in the world. Temple Street has been absolute devastation for years, would you want to live next door to the Temple Motel? No. But trust me, soon Temple Street will look much different. The motel will be gone (good riddance) and the area will be developed. There are many positive developments happening within the city, to be sure. Here are a couple of nice olds shots that show the beauty of the temple:
http://www.themasonic.com/history.html#history


Sincerely, I'm very happy for bumble's boyfriend. He was working his ass off. Other folks proved to be nothing but speculators.

131 Temple sold for $650K. I wonder if this windfall will prompt its former owner to renovate any of the many abandoned, blighted buildings he also owns.


I almost bought a place over there about 4 years ago. Another guy I know picked it up and just recently sold it for what he paid for it to that same party who paid 650K for the other. Dude should have paid more attention.
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Re: HFD Real Estate Speculation

Postby jmy » Wed Sep 02, 2009 11:24 am

A few people are kicking themselves on that one. If I'm not mistaken he was the first to sell and didn't realize what else was going on. Temple Hotel is going to mop the floor, I'd guess. DTE too.
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Re: HFD Real Estate Speculation

Postby Random Douchebag » Sat Sep 19, 2009 7:56 am

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What about that incredible 1890s apartment building at the corner of Temple and Park? I believe it's called the Embassy. What's the story with that? That has to be prime for redevelopment when the economy gets going again.


Probably purchased with the intent to demolish. It was cleaned out last month, the previous tenants aren't there any more, and the owner has sold his other buildings in the immediate area. (Too bad, really. It's a beautiful building, although I've heard the roof has been shot for awhile.)

Almost all of the buildings on Temple between Cass and Woodward have been purchased by shell LLCs in the last six months.
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Re: HFD Real Estate Speculation

Postby jmy » Sat Sep 19, 2009 9:14 am

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He's a slumlord. He lets his buildings fall apart, after which he leverages public money to demolish them.


Sorta like Lowell's friend Joel.
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Re: HFD Real Estate Speculation

Postby jmy » Sun Sep 20, 2009 5:46 pm

I'm happy to see things happening in my neighborhood, but come on.

The Burton Theatre
Projecting Corridor's future

by Travis R. Wright
9/16/2009

It's really OK if you've never heard of the Burton Theatre. It doesn't technically exist. Yet. You can find it in old Chinatown. What? You weren't aware Detroit had a Chinatown? Don't feel bad, there are only remnants left, for which we have to thank Cass Corridor preservationist and landowner Joel Landy for saving. Landy, you'll note, recently purchased the abandoned Burton International School, which sits on the corner of Peterboro Street and Cass Avenue in old Chinatown. The Burton is undergoing a transformation so quixotic it'd be a worthy of a documentary.


So. . . Burton International is in Chinatown and when Landy bought it he saved Chinatown? The folks who have actually been working in and around Chinatown -- some of them actually Chinese -- might be surprised that they've been saved by Landy.

Set to open doors as Detroit's newest cinema on Saturday, Oct. 3, with the 1973 Spanish classic Spirit of the Beehive, a film Burton co-founder Nathan Faustyn describes as being about "the innate power of the cinema." How fitting.


It's an interesting film and, in it, old movies are shown in some sort of public building. People sit on folding chairs, smoke, and someone passes a tray of food around, something like that. There are abandoned buildings. Not exactly first-class city stuff.

The Burton will be the latest addition to a neighborhood that's seen a painfully slow if not exciting renaissance in recent years, one sparked by indie businesses such as Curl Up & Dye, Canine to Five, the Hub and the Bureau of Urban Living. But this theater wasn't exactly easy to piece together.


It's been painfully slow and exciting in the Corridor for 40 years.

The Burton project belongs to young Detroitphiles Faustyn, David Allen, Jeff Else and Matt Kelson. They found each other through school ties, local bands and jobs at art-house cinemas.


They didn't meet on D-yes?

The difficult (and costly) part of starting a movie house, the guys say, is the projector. But Else found the necessary 35mm machine, which he procured while touring the country disassembling old AMC theaters.


It doesn't sound that difficult or costly. It's like saying, the most difficult and costly part of posting on the Internet is a computer. I found one at work.

Once you have the projector, all that's needed is a screen, seats, popcorn and a dimly lit room and you've got yourself an actual theater. The four guys looked all over Detroit for the latter.


To light is a regular fucking verb, lighted. It's in fucking Hemingway. I get so worked up. Lord knows bad lighting, seats, a screen and popcorn require a citywide search.

The old Alger Theatre in Grosse Pointe was the group's first choice, but it was too out-of-the-way for these city kids. The next option was at the Russell Industrial, which is already home to Ed Gardiner's Motor City Movie House. Turns out the folks who run the Russell, Faustyn says, "weren't exactly keen on adding a second independently run film theater." The search continued.


"Uh, we grew up in Grosse Pointe and we moved to the city for a reason and then someone else had the same idea, so this is unique."

By chance, Kelson met the entrepreneurial Landy who, upon learning of the moviehouse plan, jumped on board, essentially taking these guys under his wing. Landy knew exactly where this theater should be and confessed that if they could pull it off, "it'd be the realization of a lifelong dream."


I'll give Landy this, he can sure jump at any opportunity. (Wait until he starts screaming at them.) Anything someone else does is Landy's lifelong dream. If the theater is successful, Landy will tell people he saved cinema in Detroit's Chinatown, which he also saved.

Detroit Public Schools installed the Burton school with new alarms, smoke detectors, windows, heating and cooling systems and more. Then the district decided to build a brand-new school in Corktown instead, leaving this one vacant. It sat that way for the last six years. But with Landry's know-how and the quartet's vision, plans were made, and put into action. In the last three weeks alone (by the time this goes to print) the building will have undergone a transformation that includes new flooring, a concession stand, bathrooms (the men's is rumored to have a billiards table), seats and more. For all parties involved it's the chance to make a difference in a community they love and to indulge in their shared passion for film.


It was left vacant because the city demolished an apartment building next door (The Lyle) without performing asbestos remediation, and Burton was contaminated (while students were inside the building, if I'm not mistaken). Take that, Reality Bytes.

School buildings are notoriously hard to reuse, and if these suckers -- I mean, entrepreneurs -- hadn't been made to renovate the place -- I mean, "been taken under Landy's wing" -- it would have sat unused and vacant for another six years.

The actual silver screen they found "belonged to some weird dude in Lansing," Allen says. And the seats? They're from the old State Theatre, which was upgraded when it became the Fillmore. "With the equipment we don't have and the stuff we gutted that we didn't need," Faustyn says, "we've come to realize there are collectors of practically everything out there; eBay — that's where it's at."


Right some werd dude in Lansing. As opposed the the weird dude in the Cass Corridor. Collectors, hording. It's all very American.

Don't let the reuse, renew, recycle approach give you the wrong impression. "We're really aiming to be a top-class place," Allen says, more seriously than anything else during our conversation. "We didn't want to be another grungy, Detroit thing — you know, a small, semi-secret, smoky after-hours kind of spot," Faustyn adds. "Don't get us wrong, we're still going to show some weird shit, but we're also going to try to cater to the diverse communities you find in Detroit. We'll be showing Indian films, we'll cater to the LGBT community, the African-American, Latino and Arabic communities."


If you don't want to sit on a beer-stained seat, bring your own folding chair. Life imitates art in that way. We're as top-class as we can get in an asbestos-contaminated former school owned by a local eccentric with a penchant for collecting blighted buildings. We cater to everyone. Grey Gardens next month.

So the Burton will be similar to the Detroit Film Theatre?


No.

"Though they serve a niche," Allen says, "the DFT doesn't really cater to a whole lot of film appreciators. And let's be honest, the theater inside the Renaissance Center is garbage; they show three shitty movies and everyone's yelling at the screen, talking on their cell phones during them anyway."


The DFT is better than we are and they have a budget so it attracts arty riff-raff from Grosse Pointe. Also, black people don't know how to watch movies.

Already on the Burton docket are Scarface, Examine Life, the cult Japanese horror flick Husau, as well as some local films. So what's to become of the remainder of the school? The theater will only seat 120 or so.


We're going to show Scarface, but no one will be allowed to yell at the screen. The rest of the school will be vacant.

Landy's plan is to convert the rest into lofts, studios and office space to attract more artists and businesses to the Cass Corridor. Allen smiles. "In the end, it'll be kind of like a mini-Russell."


Right. The rest of the school will be vacant. If this concern goes belly up, the entire school will be vacant.
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Re: HFD Real Estate Speculation

Postby Shark » Sun Sep 20, 2009 6:54 pm

jmy wrote:
"Though they serve a niche," Allen says, "the DFT doesn't really cater to a whole lot of film appreciators. And let's be honest, the theater inside the Renaissance Center is garbage; they show three shitty movies and everyone's yelling at the screen, talking on their cell phones during them anyway."


The DFT is better than we are and they have a budget so it attracts arty riff-raff from Grosse Pointe. Also, black people don't know how to watch movies.


That is a really asinine thing for them to say about the DFT.

Already on the Burton docket are Scarface, Examine Life, the cult Japanese horror flick Husau, as well as some local films. So what's to become of the remainder of the school? The theater will only seat 120 or so.


We're going to show Scarface, but no one will be allowed to yell at the screen. The rest of the school will be vacant.


It is spelled Hausu and it is pretty crazy. Film appreciators won't go to see it, but people who like weird shit will.





Also, the are screening Cannibal Holocaust there in October. Someone alert PETA...
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Re: HFD Real Estate Speculation

Postby The Beav » Sun Sep 20, 2009 7:01 pm

The old Alger Theatre in Grosse Pointe was the group's first choice, but it was too out-of-the-way for these city kids.


The old Alger on Warren and Outer is in GP? Was there another Alger I didn't know about?
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Re: HFD Real Estate Speculation

Postby Morty » Sun Sep 20, 2009 7:55 pm

The Beav wrote:
The old Alger Theatre in Grosse Pointe was the group's first choice, but it was too out-of-the-way for these city kids.


The old Alger on Warren and Outer is in GP? Was there another Alger I didn't know about?


The Alger (in Detroit) is a bastion of cluelessness. I don't know how the fund anything, and now the building would be difficult to get a C of O, even in Detroit. If these boyos cold actually attract a paying audience it could have helped the Alger bunch, but no.

Cue Gistok.
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Re: HFD Real Estate Speculation

Postby guest » Sun Sep 20, 2009 8:25 pm

Morty wrote:
The Beav wrote:
The old Alger Theatre in Grosse Pointe was the group's first choice, but it was too out-of-the-way for these city kids.


The old Alger on Warren and Outer is in GP? Was there another Alger I didn't know about?


The Alger (in Detroit) is a bastion of cluelessness. I don't know how the fund anything, and now the building would be difficult to get a C of O, even in Detroit. If these boyos cold actually attract a paying audience it could have helped the Alger bunch, but no.

Cue Gistok.


I toured the Alger about ten years ago and the estimate for a rehab was a million dollars. I'd say double it for a conservative restoration. These guys don't sound like they have that kind of money any more than the Friends of the Alger do.
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Re: HFD Real Estate Speculation

Postby Putski » Sun Sep 20, 2009 8:48 pm

jmy wrote:I'm happy to see things happening in my neighborhood, but come on.

Detroit Public Schools installed the Burton school with new alarms, smoke detectors, windows, heating and cooling systems and more. Then the district decided to build a brand-new school in Corktown instead, leaving this one vacant. It sat that way for the last six years. But with Landry's know-how and the quartet's vision, plans were made, and put into action. In the last three weeks alone (by the time this goes to print) the building will have undergone a transformation that includes new flooring, a concession stand, bathrooms (the men's is rumored to have a billiards table), seats and more. For all parties involved it's the chance to make a difference in a community they love and to indulge in their shared passion for film.


It was left vacant because the city demolished an apartment building next door (The Lyle) without performing asbestos remediation, and Burton was contaminated (while students were inside the building, if I'm not mistaken). Take that, Reality Bytes.


Brand new school in Corktown? I'd call back the contractor to fix the Benjamin Franklin School stone work over the doors and update the cornerstone to something post depression. I can't believe that went unnoticed.
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Re: HFD Real Estate Speculation

Postby Andy » Mon Sep 21, 2009 6:23 am

jmy wrote:
"Though they serve a niche," Allen says, "the DFT doesn't really cater to a whole lot of film appreciators. And let's be honest, the theater inside the Renaissance Center is garbage; they show three shitty movies and everyone's yelling at the screen, talking on their cell phones during them anyway."


The DFT is better than we are and they have a budget so it attracts arty riff-raff from Grosse Pointe. Also, black people don't know how to watch movies.


What a lovely picture of Detroit living.
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Re: HFD Real Estate Speculation

Postby gravitymachine » Mon Sep 21, 2009 9:00 am

jmy wrote:It was left vacant because the city demolished an apartment building next door (The Lyle) without performing asbestos remediation, and Burton was contaminated (while students were inside the building, if I'm not mistaken). Take that, Reality Bytes.

School buildings are notoriously hard to reuse, and if these suckers -- I mean, entrepreneurs -- hadn't been made to renovate the place -- I mean, "been taken under Landy's wing" -- it would have sat unused and vacant for another six years.


lets be honest here, while it doesn't make it right, how many other buildings around this city are in use and likely have some sort of asbestos contamination from all the neighboring demolition or improper stabilization? i would think half of corktown is contaminated after tiger stadium's demo (obvioulsy assuming improper remediation)...you should've seen the cloud of dust flying off that thing saturday morning.

a brother of a friend is one of the four young-in's mentioned in the story, and as i understand it, landy is the one putting up most of the capitol for any physical improvments to the building, since they were able to bring the projector to the table.
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Re: HFD Real Estate Speculation

Postby jmy » Mon Sep 21, 2009 11:01 am

I don't think I'm particularly alarmist when it comes to asbestos but, from what I remember, dust from the emergency, unremediated demolition of The Lyle was coming in the windows as kids were in school. DPS didn't abandon Burton willy-nilly after spending a whole bunch of money there. There are many reasons to knock DPS, but this isn't one of them. Had they continued classes there, Reality Bytes would be screaming about killing school children and Karmanos would line them all up for chest x-rays.

Frankly, the Metrotimes completely misrepresents what happened. Whether that's a function of Travis Wright or newbie film-o-philes or Joel Landy, it's particularly ironic since this is an "insider" series on hidden gems in Detroit and they don't even understand why the school sat vacant. Coupled with the codespeak about seeing a movie at the RenCen, it smacks of "black people can't run anything."

A projector may be expensive and hard to find. I wouldn't know. The article states that someone found the projector on the job, whatever that means. It doesn't scream expensive or hard to find to me.

I'm sure they worked out a deal with Joel; many people have. I'll bet the renovations are covered by the value of the projector, and I hope they have enough revenue to pay rent because otherwise they'll have an expensive and hard-to-find projector in hock. Arrangements like that often end in tears.

All that said, I wish them luck, but let's cut the crap.
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