Gold Cash Gold and Slow's may have competition in the not-too-distant future. The Loft Warehouse, known to Curbed Detroit readers as the people behind the $1300-a-month Corktown cottage, tell us that one of their clients has purchased an 1880 storefront on Michigan Ave and hopes to rent it for use as a restaurant. The construction crew is hard at work on the pink Victorian structure, which will offer just over 4,000 square feet of commercial space once renovations are complete.
The building's owner is currently installing a new roof and HVAC systems, working to maintain the building's period touches, and will also install new wood floors and new windows, including three newly added windows, cut specifically to capture views of Michigan Central Station. Prospective restauranteurs may be intrigued by the building's 700 square feet of potential patio space.
Jim Tumey, a real estate agent with the Loft Warehouse, tells Curbed that the large combined storefront has two stories, and the second floor will feature a mezzanine overlooking the ground floor. While the agent and his unnamed client would really like to see the place transformed into a restaurant, and are willing to involve a newly-signed tenant in the rental's buildout, the place could work as any number of businesses. No word yet on the rental rate for the building, given that restoration isn't complete. Given the price of that cottage, new tenants may want to invest in a few Powerball tickets before signing on the dotted line.
·Jim Tumey at The Loft Warehouse [The Loft Warehouse]
·Adorable 1-Bedroom Corktown Cottage Wants $1300 a Month[Curbed Detroit]