Dan Gilbert Billionaire businessman planed to buy the -vacant 38-story Book Tower skyscraper and two other adjacent buildings on Washington Boulevard in Detroit . Most of the building have been vacant for a long time , He have plans to transform all the buildings into a "a game-changing, mixed-use development.”
“Gilbert’s Bedrock Real Estate Services doesn’t release purchase prices, but sources told the Free Press he’s paying about $30 million for the package that also includes the 13-story Book Building and an adjacent 2-story community center. The buildings, totaling about 517,000 square feet, span the entire 1200 block of Washington between Grand River Avenue and State Street. The seller was Vancouver, British Columbia-based AKNO Properties.”
This new area of renovation would be part of a solution to the redevelopment process of Washington Boulevard.
The Westin Book Cadillac, Hotel completely refurbished In 2008, which greatly improved the area The building was closed down for over , 25 years before it was reopened , and began to flourish . The Westin Book Cadillac Hotel is one of the luxurious hotels Located in Downtown DetroitWhen The Recession hit most of the development stopped. However recently the development of the David Whitney Building and the change of the Gabriel Richard Building and Detroit City Apartments all 3 have reopened recently story by /www.freep.com/