21. April 2005 • Murph
Email this article
Michigan Business Review provides a glimpse of McKinley’s plans for the old TCF building on Liberty, plans that will drastically overhaul the building physically, but also serve exclusively national chains.
McKinley is charging $30-35 per square foot for Class A office space that includes parking, and about $40 per square foot for retail and restaurant space.
Both of those rates are at the high end of any building downtown, where State Street restaurants can pay around $35 per square foot and office tenants have balked at some buildings charging in the range of $25 per square foot.
To seek those rates on a corner that historically has marked the end of the campus district signifies belief that the area can command the price.
McKinley’s confidence comes in part from the building redesign, Polsinelli said. Walkway and façade improvements should draw people along Liberty, and around the corner where the lower concrete walls will be replaced with glass, an entry area will be converted to outdoor restaurant seating and other design changes are planned. They could include changing the color of the building.
MBR says the chain-oriented prices will contribute to the “potential sophistication” of Liberty Street, which also includes an American Apparel store in the old Mast Shoes location (Sam’s is thrilled) and, says MBR, Harry’s location will soon be filled with an Aveda salon.
« Previous Article University Planner seeks input on North Campus vision statement
Next Article Emails more damaging than cannabis »
|
—Brandon Apr. 21 '05 - 04:07PM #
And, well, bleh.
—Scott Apr. 21 '05 - 05:37PM #
So I don’t know if that means moving functions, or adding functions, or what. I do know, though, that the Aveda institute is fairly popular; Cara, her sister, and two more of our housemates all have basically the same haircut because they all go to Aveda. It’s really kind of frightening when the haircut cycles line up and everybody suddenly looks eerily alike. . .
—Murph Apr. 21 '05 - 06:03PM #
And I’m sorry, but no color change on that bank building is going to draw the crowds necessary for demanding $40/sq. ft. in that building. That’s insane!
—KGS Apr. 21 '05 - 06:23PM #
—Murph Apr. 21 '05 - 08:16PM #
—kelli Apr. 21 '05 - 08:50PM #
—Murph Apr. 21 '05 - 09:11PM #
On js’s endorsement, I went over to Dascola for my last haircut. Ron did my cut, and it was better than the cut than I got at Aveda; Bob & Ron are much more interesting people; and hey, they’re a local business. It didn’t cost much more, so, when I’m not shaving my head with clippers at home, I found my new barber…
—Scott Apr. 21 '05 - 09:15PM #
I like Orbit or Above Ground if I decide to spring for it. Otherwise that place at Maynard & William always works out pretty well.
—Brandon Apr. 22 '05 - 03:18AM #
—Leah Apr. 22 '05 - 01:00PM #
—js Apr. 25 '05 - 07:15AM #
(Now, granted, when switching from one to the other, there are some awkward Farrah Fawcett-flipped mulletty periods that could probably be made less weird with some actual skill, but I’m too impatient to sit down for a haircut…)
—Murph Apr. 25 '05 - 03:08PM #