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City Building by Maximizing Assets Mark Nickita, AIA, CNU, APA President of Archive Design Studio Architects + Urbanists

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Page 1: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

City Building

by

Maximizing Assets

Mark Nickita, AIA, CNU, APA

President of

Archive Design Studio Architects + Urbanists

Page 2: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Pedestrian-Oriented Urban Districts

Existing Site

Proposed Site

Page 3: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA Dorian Moore, AIA

Kevin Borsay

Archive DS

is a team of architects

and urbanists who are

specialists in

reestablishing

downtowns, districts,

neighborhoods,

corridors, underutilized

buildings and

vacant sites

www.ArchiveDS.com

Page 4: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA, CNU, APA

A Diverse Perspective

- Architect

- Urban Designer

- Municipal Leader

Planning Board – Appointed 1997

Mayor of Birmingham – Elected 2009

- Urban Retailer

Pure Detroit / Rowland and Stella Cafes

- Developer

- Global Urban Study – over 350 cities

Page 5: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

OVERVIEW – The Paradigm Shift

North America has undergone a significant transformation,

driven by issues of

• globalization

• economic restructuring

• technological advancements

• trends / social reconfigurations

resulting in work space and living conditions that have

dramatically changed

Page 6: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Understand the changes

in the marketplace that have occurred over

recent years and more specifically since the

new economic and financial condition

Page 7: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Where Do The Trends Lead?

People-Oriented Places

• “Places”

• Walkable Environments

• Mixed-Use, 24 Hour, 7 Days a week

Page 8: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Who Is Coming?

Over 150 Million Americans

• 75 Million Baby Boomers

• 80 Million Millennials

Page 9: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Where Are The Opportunities?

Assess existing inventory, infrastructure and assets

of buildings and land areas,

and their uses and vacancies within a block,

neighborhood, district or community

Page 10: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are We Doing Things Right?

Should We Continue Current Practices?

Page 11: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Revenue Opportunities:

Zoning and Planning

Resulting in Increased

Tax Revenue Capture

Land Use Realities

Page 12: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

K-Mart, Troy ------3306 Linear Feet

Page 13: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Northville - 3305 Linear Feet

Page 14: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mackinac Island - 3600 Linear Feet

Page 15: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

7 Mile Road and Middlebelt Road, Livonia

6923 Linear Feet – 60 Acres

Page 16: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Plymouth - 5948 Linear Feet

Page 17: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Birmingham - 6910 Linear Feet

Page 18: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

138 Hampshire, Troy – 1808 sf Single Family Home on .31 acres

$3,716 per year

Page 19: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$11,897 per Acre

Page 20: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

3100 W Big Beaver, Troy ------ 1,006,680 sf on 23.38 acres ------

$301,505 per year

Page 21: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$12,896 per Acre

Page 22: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

225 Avon Road, Rochester ------200,000+ sf on 14.37 acres -------

$192,699 per year

Page 23: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$13,410 per Acre

Page 24: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$11,897 per Acre

$12,896 per Acre

$13,410 per Acre

Page 25: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

31 E. Long Lake, Troy ------ 124,429 sf on 8.98 acres

$144,436 per year

Page 26: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$16,084 per Acre

Page 27: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Kroger, Birmingham ----- 3.8 acres ----- $237,993 per year

Page 28: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$62,630 per Acre

Page 29: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

3100 W Big Beaver, Troy ---- 225,889 sf on 10.1 Acres

$310,750 per year

Page 30: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$30,767 per Acre

Page 31: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

735 Forest, Birmingham ---- Retail – Office – Residential on .47 acres

$123,385 per year

Page 32: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$262,521 per Acre

Page 33: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Palladium Theater ------ 12 Screen Movie Theater on .84 Acres

$608,510 per year

Page 34: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$724,417 per Acre

Page 35: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Farmington Downtown Sector/15 acres – Tax Capture - $ 237,701 per year

Page 36: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Birmingham Downtown Sector/ 15 acres – Tax Capture - $ 1,308,912 per year

Page 37: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Farmington – Portion of Downtown District

15 acres generates $ 237,701 per year in Tax income

$ 15,847 per acre

Birmingham – Portion of Downtown District

15 acres generates $ 1,308,912 per year in Tax income

$ 87,261 per acre

Page 38: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Infrastructure Opportunities:

Public Space Enhancements

by Incorporating Planning and

Design Review

“Looking for Biggest BANG for the Buck”

Page 39: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 40: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 41: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 42: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 43: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 44: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 45: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 46: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Physical Elements that Enhance the Civic Asset

• Public Space more pedestrian

• additional crosswalk

• closer curbs - minimal distance for pedestrian in the street

• Sense of place established

• parking remains without loss

Page 47: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

R

ReUse Opportunities:

Adaptive Re-Use of

Underutilized Buildings

and Properties Through

Creative Zoning and Visioning

Page 48: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Purlingbrook

Adaptive Reuse of

Underutilized Commercial and Industrial Properties

Page 49: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

The Repositioning of Buildings and Districts

Existing Condition:

Commercial Industrial Buildings – vacated for nearly 2 years

Proposed Solution:

Urban Design Plan: Placemaking plan for a group of under-

producing structures on a highly active corridor

Architectural: Adaptive reuse design to accommodate a

variety of uses

Page 50: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 51: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 52: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 53: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 54: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 55: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 56: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 57: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 58: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 59: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 60: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 61: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 62: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 63: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 64: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

R

Land Use Opportunities:

Identify Higher and Better Uses

of Municipal Property with

Visioning and an Eye toward

Long Term Enhancements

Page 65: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Oxford Civic Square

Redeveloping City Hall and Centennial Square

Page 66: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are

Page 67: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 68: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 69: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 70: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 71: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 72: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 73: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

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Page 74: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Where does this all lead……..?

Page 75: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Analyze the Existing Conditions

• Identify assets

• Identify opportunities

• Identify challenges

Page 76: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

IDEAS to APPLY

• Develop concepts for existing buildings and underutilized

sites with new and innovative proposed uses

• Encourage mixed-use type developments to create a more

vibrant and interactive exchange between tenants/uses

that promotes flexibility

Page 77: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

IDEAS to APPLY

• Create an exciting sense of place that is active and vibrant

• Encourage efficient land use policies

Page 78: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

IDEAS to APPLY

• Design an environment that is more pedestrian and

vehicular friendly

• Create sustainable buildings for owners and communities

that are financially feasible and environmentally sensitive

• Create zoning that permits flexible uses

Page 79: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

WHAT ARE THE RESULTS

• Create 24 hour / 7 day developments and communities

that are vibrant, exciting and desirable places

to work, play and live

• increase property values for owners

• increase the tax base for communities

Page 80: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Establish a Direction

• Create a vision and a strategy to achieve it

Page 81: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Get on the Same Page

• Leaders MUST set the path

toward implementation

Page 82: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Set up the Team and Process

• Design and planning

- need to oversee stages

• Engineering

• Construction

Page 83: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Be Resilient

“We Shall Never Surrender”

- Winston Churchill

Page 84: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Building

Places for People

Mark Nickita, AIA, CNU, APA

www.ArchiveDS.com

President of Archive Design Studio Architects + Urbanists

Page 85: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are

Page 86: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are

Page 87: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are

Page 88: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Are

Page 89: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA Dorian Moore, AIA

Kevin Borsay

IDEAS to APPLY

• Develop concepts for existing buildings and

underutilized sites with new and

innovative proposed uses

• Encourage mixed-use type developments to create a

more vibrant and interactive exchange between

tenants/uses that promotes flexibility

Page 90: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA Dorian Moore, AIA

Kevin Borsay

IDEAS to APPLY

• Create an exciting sense of place

that is active and vibrant

• Encourage efficient land use policies

Page 91: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA Dorian Moore, AIA

Kevin Borsay

IDEAS to APPLY

• Design an environment that is more pedestrian and

vehicular friendly

• Create sustainable buildings for owners and

communities that are financially feasible and

environmentally sensitive

• Create zoning that is permits flexible uses

Page 92: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

Mark Nickita, AIA Dorian Moore, AIA

Kevin Borsay

WHAT ARE THE RESULTS

• Create 24 hour / 7 day developments and communities

that are vibrant, exciting and desirable places to

work, play and live

• increase property values for owners

• increase the tax base for communities

Page 93: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in
Page 94: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

2100 W Maple Road, Troy ----- 59,704 sf on 5.17 acres -------

$90,558 per year

Page 95: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$17,503 per Acre

Page 96: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

1100 Rochester Road -----121,191 sf on 42.15 acres ------

- $909,048

per year

Page 97: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$21,567 per Acre

Page 98: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

5053 Livernois ----- 9,056 sf on .89 acres

$19,816 per year

Page 99: City Building by Maximizing Assets · Pure Detroit / Rowland and Stella Cafes - Developer ... Farmington – Portion of Downtown District 15 acres generates $ 237,701 per year in

$22,265 per Acre