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18%  
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  • Developers reportedly in purchase talks for Detroit's long-abandoned Packard Plant

    07/17/2013 7:17:09 PM PDT · by shove_it · 34 replies
    Mlive ^ | 17 Jul 2013 | David Muller
    DETROIT, MI - The long-abandoned former Packard Automotive Plant, one of the largest empty buildings in the country, is reportedly close to being saved from the county foreclosure auction block. The Detroit News reports an Illinois developer is speaking with Wayne County officials about purchasing the 40-acre property for $974,000, the amount owed in unpaid taxes. From The News: “Bill Hults, of Evanston, Ill., told The Detroit News he’s leading a group of investors who want to rehabilitate the crumbling 3.5-million-square-foot plant and build housing nearby. To complete the transformation, Hults has retained the legendary architectural firm that built the...