The Detroit Free Press reports that Wayne County is officially seeking a brokerage firm to sell its iconic Guardian Building. While pouring tens of millions into building renovations since its purchase in 2008, the county now hopes the sale of the building, along with two other county-owned properties, will help alleviate some of its current financial woes.
Lloyd Jackson, spokesman for Warren Evans's administration, told the Free Press in April that "'at the right price, the county will sell (the Guardian),' but that it would have to be enough to pay off the more than $65 million owed on the properties and their renovations."
The Guardian Building, in Detroit's Financial District, opened in 1929 as the Union Trust Co. Building. The Art Deco gem, complete with elaborate facade carvings by Corrado Parducci, was designed by Wirt C. Rowland, the same man behind other Detroit landmarks such as the orb-topped Penobscot Building and the neo-Gothic Buhl tower. Curiously enough, this seems to be the summer of Art Deco skyscrapers on the chopping block.—Leslie Youngblood
· Wayne County seeks firm to sell Guardian Building [Detroit Free Press]
· All Guardian Building coverage [Curbed Detroit]
· Fisher Building Foreclosure: Detroit's Art Deco Masterpiece Heads to Auction This Summer [Curbed Detroit]
· The Guardian Building – Detroit, Michigan [I Love Detroit Michigan]