The lights came back on Saturday at downtown Detroit's historic David Stott building — a precursor to its reopening as a luxury building with apartments that lease for as much as $5,000 per month.
The 90-year old building was restored by Dan Gilbert's Bedrock, which purchased it in 2015. In accordance with all things Bedrock, the David Stott building will be mixed-use, with retail on the bottom floor, and offices and apartments up top. And, in accordance with Bedrock's ongoing love affair with the definite article, it will henceforth be known as "The Stott."
The lights are back on at The Stott. Purchased in 2015, the historic Art Deco building has been completely restored as a mixed use tower featuring ground level retail, nearly 40,000 sq ft of office space & more than 100 residential units. Pre-Leasing now: https://t.co/RLC2kAK2qK pic.twitter.com/b6bt8bAwuq
— Bedrock (@BedrockDetroit) August 12, 2018
Rents at "The Stott" will range from $1,420 for a studio to $5,000 for a three bedroom. Amenities include Rocket Fiber Wi-Fi, exercise spaces, and a game room. Sadly, SkyBar Lounge — the watering hole with 360 views — doesn't seem to be re-opening. It's particularly tragic given that we were eagerly anticipating what it might be renamed under its new ownership (the Craft? the Muddle?).
The David Stott is one of the many historic Detroit buildings undergoing renovation thanks to Bedrock. These projects often come at a cost to the public — though its unclear what tax breaks the company may have received to fund this particular endeavor.
Bedrock owns at least 90 buildings downtown.
Jacob Stocking is a summer editorial intern with Metro Times.
Stay on top of Detroit news and views. Sign up for our weekly issue newsletter delivered each Wednesday.
