The former ownership group included Woodward Esquire, headed bydeveloper Gilbert "Buzz" Silverman, Frank Torre of Torre andBruglio Holdings LLC and James Stapleton, president of B and RConsultants. Southfield-based Farbman Group then partnered withWalbridge Aldinger Co. and John Rakolta Sr. on the ownership of thebuildings.

Silverman says his family has a history of owning land inDetroit since 1918.

"We were always interested in development opportunitiesDowntown, so we purchased property. Based on what we expected, wewould hold the property for five-10 years and then develop it,"Silverman tells GlobeSt.com.

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