Detroit's Book Cadillac Hotel is Vital to the Rebirth of the City
After sitting vacant and dilapidated for nearly three decades, the Book Cadillac Hotel in down town Detroit, which was once a symbol of the city’s rich heritage and history, has been renovated and restored to original glory, and is a vital piece of the puzzle in Detroit’s renaissance. Even though the economy in Michigan has sunk to all-time lows, and the city of Detroit is in political upheaval, the Westin Book Cadillac has sold most, if not all, of its available units.
The Westin Book Cadillac offers a hotel/residential complex with the top eight floors made up of luxury condominium units. The prices range anywhere from $280,000 to $1.5 million depending on the unit size. Most are two bedroom units with square footage ranging from 1250 to 1500, but there are larger penthouse suites at 4500 sq. ft.
While the purpose of my writing is not to sell units for the complex, we have been approached by several interested parties in making a once-in-a-lifetime purchase at the Westin Book Cadillac. The revitalization of the city’s most prestigious hotel is certainly not a cure all for Detroit’s problems, and hence the problems of the region, but it is a step in the right direction. In addition to the city’s entertainment district, there must be affordable and high-end housing to support a solid business district, because once the political turmoil is resolved, experts are looking for increased economic development within the downtown area.