Posted Jun 5, 2018, 12:42 PM
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Midwest Moderator - Editor
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Join Date: Jan 2002
Location: Big Mitten
Posts: 31,745
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Finally.
Quote:
Ann Arbor inks deal to sell downtown lot to Chicago developer for $10M
By Ryan Stanton, MLive.com
June 4, 2018
ANN ARBOR, MI - More than a year after the Ann Arbor City Council voted to sell a downtown property to a Chicago developer, the city and developer have finalized a purchase agreement.
City Administrator Howard Lazarus announced at the City Council meeting Monday night, June 4, that the city and developer Core Spaces have signed a purchase agreement for the Library Lot, which is the parking lot atop the city's underground parking garage off Fifth Avenue next to the downtown library.
The city intends to sell the lot to Core Spaces for $10 million to allow the developer to build a 17-story high-rise including a hotel, apartments, office/retail space and an outdoor plaza.
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Where the trees are the right height
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