Regions Midwest | Detroit
June 27, 2008
Vacated by General Motors nearly a decade ago, the 760,000-square-foot Argonaut Building in Detroit's New Center area is about to take on a new life, now that the College for Creative Studies has announced that it will spend $145 million to transform the property into a second campus. General Motors developed the Albert Kahn Associates-designed building in 1927 and expanded it in 1936. The auto manufacturer donated it to the school after it relocated its headquarters to the Renaissance Center. Larson Realty Group is overseeing development of the project, and Jones Lang LaSalle and Preservation Development are also on board. CCS will occupy 70 percent of the structure, leaving remaining space open for occupancy by other partners, including two business accelerators that will provide rental space and support services to creative businesses. The property will also encompass student housing and a dining hall, as well as a 400-seat auditorium that will be available for public use. The redevelopment endeavor is on target to reach completion in fall 2009.
Vacated by General Motors nearly a decade ago, the 760,000-square-foot Argonaut Building in Detroit's New Center area is about to take on a new life, now that the College for Creative Studies has announced that it will spend $145 million to transform the property into a second campus. General Motors developed the Albert Kahn Associates-designed building in 1927 and expanded it in 1936. The auto manufacturer donated it to the school after it relocated its headquarters to the Renaissance Center. Larson Realty Group is overseeing development of the project, and Jones Lang LaSalle and Preservation Development are also on board. CCS will occupy 70 percent of the structure, leaving remaining space open for occupancy by other partners, including two business accelerators that will provide rental space and support services to creative businesses. The property will also encompass student housing and a dining hall, as well as a 400-seat auditorium that will be available for public use. The redevelopment endeavor is on target to reach completion in fall 2009.
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