Ann Arbor Area Community News
The block of Liberty Street that hosts Le Dog and a number of other businesses was auctioned yesterday for $1.6m, with Dale and Beverly Bell beating Beverly’s brother Tom Clark for control of the property. Six developers participated in the bidding, but Bell and Clark were the final two, aided by the fact that each would receive half the winning bid.
The Ann Arbor News discusses the Bells’ plans for the site, which may include a seven-story mixed-use building,
Bell will be required to come up with the money for the land within three weeks. As to what happens after that, redevelopment into something else is almost certain.
Such a building would be of similar size to the TCF bank building across the street. As discussed in the previous AU thread on this issue, redevelopment often means the disappearance of current tenants due to increased rents, but fits into recommendations for increased downtown residential space to maintain the viability of other businesses.
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