directly across from the 1.4 m sf development ......greektown 7 cobo center 8 gem theatre 9 book...
TRANSCRIPT
DIRECTLY ACROSS FROM THE 1.4 M SF DEVELOPMENT “THE HUDSON”LOCATED IN THE OPPORTUNITY ZONE
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Unique opportunity to purchase this 8 story building indowntown Detroit on the premier block of WoodwardAvenue. The Fowler Building is located one block north ofCampus Martius Park and a half block north of the Q-Linestop. This building is ideal for office, tech, or residential lofts.Neighboring tenants include Nike, Under Armour, Moosejaw,Hudson Café, Shinola Hotel, John Varvatos, LuLulemon,Bonobos and other unique retailers. The building is acrossfrom “The Hudson”, which is currently under construction.
The FowlerBuilding
• Address: 1225 Woodward Avenue, Detroit, MI• Price: $22,000,000• Parcel ID: 02001884• Zoning: B5 Major Business District
The Offering:
• Floors: 8 stores plus a partial basement• Year Built: Approximately 1884 and constructed to
present state in 1933• Gross Area: Approximately 55,466 SF• Floor Plate: 60’ x 100’• Lot Size: 0.14 acres
Property Description:
• Designer: Noted-architects Donaldson & Meier• Framing: Masonry & Wood• Façade: White terra cotta tiles • Roof: New rubber membrane (2014)• Elevators: 3 Passenger & 1 Fright (cable driven)• HVAC: Natural Gas, Water Boiler & Air Handler• Fire Suppression: 4,500 & 30,000 gallon tanks
Construction:
TRADE AERIALWest View
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MAP KEY 1 FOWLER BUILDING2 One Campus Martius 3 Rosa parks Transit Center4 The Hudson Development 5 36th District Court6 Comerica Park7 Ford Field8 Little Caesars Arena9 Motor City Casino10 GEM Theatre11 David Scott Building12 Westin Book Cadillac13 Detroit Public Library14 The Z Lot
15 David Whitney Building16 Broderick Tower Apts.17 Detroit Athletic Club18 MGM Grand19 DTE Energy HQ20 Detroit Opera House21 Federal Building22 Book Tower23 The Filmore24 Fox Theatre25 Little Caesars HQ26 Detroit City Club Apts27 AT&T Headquarters28 Shinola Hotel
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TRADE AERIALSouthwest View
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WINDSOR ONTARIOCANADA
17 Detroit Athletic Club18 Ford Field19 Comerica Park20 Detroit Opera House21 Federal Building22. District Detroit Phase 2“Live Block”23. The Filmore Theatre24. Little Caesars HQ25. The Penobscot Building26. The Guardian Building27 Colman A young Municipal Building28 First National Building29 Hart Plaza30 Chase Towers31 AT&T Headquarters
MAP KEY 1 FOWLER BUILDING2 One Campus Martius 3 MGM Grand Casio & Hotel4 The Hudson Development 5 36th District Court6 Greektown7 Cobo Center8 GEM Theatre9 Book Tower10 Cadillac Tower11 David Scott Building12 Westin Book Cadillac Tower13 GM Renaissance Center14 The Z Lot15 David Whitney Building16 Broderick Tower Apts.
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1 FOWLER BUILDING2 One Campus Martius3 Rosa Parks Transit Center4 The Hudson Development Site5 36th District Court6 Greektown Casino7 BCBS of Michigan8 Brush Street Garage9 Cadillac Square Apts.10 Cadillac Tower11 David Scott Building12 Westin Book Cadillac Tower13 Detroit Public Library14 The Z Lot15 David Whitney Building16 Broderick Tower Apts.17 Detroit Athletic Club18 Ford Field19 Comerica Park20 Detroit Opera House21 Little Caesars Arena “District Detroit Phase I”22 District Detroit Phase II “Live Block”23 Shinola Hotel
MAP KEY
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FLOOR PLANS
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MEZZANINE
FIRST
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FLOOR PLANS
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3-8 FLOORSSECOND
The Hudson Detroit
• Building Height – 912 Feet Tall• Retail Space – 73,300 SF• Event Space – 185,000 SF• Office Space – 343,000 SF• Exhibition Space – 77,100 SF• Residential Space – 251,400 SF• Hotel Space – 500,700 SF• Parking Spaces – 700+
The Hudson Development is located at the site ofthe previous J.L. Hudson Building. Once where thetallest department store in the world stood, will soonbe replaced with Michigan tallest building. Thismixed-use development will be the new main focalpoint in the City of Detroit. Located directly across sitsThe Fowler Building, positioned on Detroit’s historicWoodward Ave., The Fowler Building is just blocksaway from all three sports arenas, Ford Field,Comerica Park, and the newly developed LittleCaesars Arena.
The Hudson Specifications:
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Click Here “The Hudson”Development
DOWNTOWN DETROIT FACTS
9 F o w l e r B u i l d i n g
• Cost of living is 4.7% below the national average
• Residential is 99% occupied in the central business district
• 33% of downtown residents are millennials (10% higher than national average)
• Detroit has the 10th fastest growing economy among the 50 most populous areas nationally
• 13% income growth - higher than the national average by 3.6% (since 2009)
• 56% increase in residential units by 2020
• Capitalization rates for investment in Detroit are 6.75% - 7.75%
• Commercial, residential lease and rental rates are up annually year over year since 2006
Statistics:
• 9.3 Million Annual Visitors• 4 Million Attendance to sporting
events• 3.5 Million attend special events• 1.8 Million theatre attendance
Click Here For“Detroit Move
Here, Move the World” Video
Attendance:
2018 DEMOGRAPHICS
INCOME(AVERAGE HOUSEHOLD)
1 MILE $38,829
3 MILES $28,876
5 MILES $28,990
POPULATION1 MILE 80,736
3 MILES 174,042
5 MILES 282,452
HOUSEHOLDS1 MILE 7,793
3 MILES 34,699
5 MILES 88,728
DAYTIME(AGE 16 YEARS & OVER)
1 MILE 8,213
3 MILES 105,030
5 MILES 298,314
CONSUMER EXPENDITURE
(RETAIL EXPENITURE)
1 MILE $198 M
3 MILES $685 M
5 MILES $1.66 B
APPAREL $14.5 M
ENTERTAINMENT $22.8 M
FOOD $62.1 M
GIFTS $10.1 M
CONSUMER EXPENDITURE
(1 MILE RADIUS)
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