I think it will be cool to see something significant get developed on the North side of Ottawa, I hope thats were the office space will go, its also where it would make the most sense.
I seen one of his signs near the SE corner of Shiawassee & Cedar, advertising 15,000 sq ft. I'm not sure which building that could be. He obviously has big expectations for that area. There may even be the possibility that the Cedar/Larch area, or at least the "Stadium District" could be entirely absorbed as part of Downtown, with ground floor retail mid-rise buildings all over.
I have a feeling that Gillespie doesn't really plan on having these buildings long. He probably bought them with the intentions to either redevelop or as speculative property and he will sell when values in the area begin to rise.
I think the Cedar Street school would be a likely redevelopment for someone like Gillespie to take on, I'm not sure what use would best fit that property though. As for Shiwassee & Cedar, if he can buy the block of buildings out, except maybe the city garage, there could be the opprotunity for something on the scale of Stadium District.
The Cedar Street School, FYI, is owned by Scott Gillespie of The Gillespie Co., not Pat Gillespie of Gillespie Group (who is behind Stadium District). They're brothers. Scott, who used to work with Pat, just finished his first solo project, the Lofts on Washington Square at the corner of Washington and Kzoo (from the Studio 109 salon to Contemporary Shoe Repair).
Oh, I didn't know the difference. But one thing I forgot to mention, Pat Gillespie is married to one of the Eyde's daughters according to another commercial realtor I talked too awhile back. Which explains how he entered into such large developments at a yound age. It also gives a shred of hope to some of the Eydes downtown properties, as the Eydes, apparently are getting ready to retire from the business. The question is whether they have people to take over for them, including Gillespie, or if they are trying to just sell off everything.
It's the fun of Lansing development. It seems like there are relatives of every major Lansing area developer who also are developers. And none of them really work together on the same project. The Eydes - George and Lou, of Eyde Co. (Knapp's building, Hannah Tech Center in EL); Sam and Sam Jr. of Sam Eyde Management (5/3 building on Coolidge in East Lansing, the infamous Seven Block Area office building long on the drawing board for the western fringe of downtown Lansing) and Mike (the original force behind Eastwood) - the Elliotts - Kris of Troppo fame, Shawn of Diamonds in the Rough - the Gillespies - the brothers Gentilozzi - Paul and Tony, who actually do work together - and the list goes on ...
An interesting item from todays council agenda:
Transfer Ownership of 2006 Class C Licensed Business with Dance-Entertainment Permit, Located in escrow at 500 E. Grand River Ave., Lansing, MI 48906, Ingham County, from Temple Club LLC to 414 Entertainment, L.L.C.: and Transfer Location to 414 E. Michigan Ave., Lansing, MI 48933, Ingham County
Its the building that housed that small Oldmobile museum awhile back, next to Nuthouse. I've been hoping someone would open another bar/resturaunt in this building to help further bridge the gap between 621/Rum Runners and The Knight Cap/ Omars/ The Exchange. With Stadium Disrict also slated to have at least one, possibly two bars, Michigan Ave is shaping up to be a pretty nice entertainment district. Now I'd really like to see the old Mobile station razed for something new.
Lansing voters gave city officials permission to sell the South Grand Avenue parking ramp, which developers want as part of a riverfront high-rise that will stretch up 12 to 20 stories.
The project, which would cost $30 million and be built on the site of the former City Club, would include 150 to 200 residential units that would be sold, as well as space for high-end dining, a health club and other services, the developers said.
Comments
Transfer Ownership of 2006 Class C Licensed Business with Dance-Entertainment Permit, Located in escrow at 500 E. Grand River Ave., Lansing, MI 48906, Ingham County, from Temple Club LLC to 414 Entertainment, L.L.C.: and Transfer Location to 414 E. Michigan Ave., Lansing, MI 48933, Ingham County
Its the building that housed that small Oldmobile museum awhile back, next to Nuthouse. I've been hoping someone would open another bar/resturaunt in this building to help further bridge the gap between 621/Rum Runners and The Knight Cap/ Omars/ The Exchange. With Stadium Disrict also slated to have at least one, possibly two bars, Michigan Ave is shaping up to be a pretty nice entertainment district. Now I'd really like to see the old Mobile station razed for something new.
Lansing gets OK to sell parking ramp
Published August 7, 2007
[ From LSJ.com ]
Evening update
Lansing voters gave city officials permission to sell the South Grand Avenue parking ramp, which developers want as part of a riverfront high-rise that will stretch up 12 to 20 stories.
The project, which would cost $30 million and be built on the site of the former City Club, would include 150 to 200 residential units that would be sold, as well as space for high-end dining, a health club and other services, the developers said.