The land, across from the city hall, is now vacant. Plans tobuild a Michigan Youth Theater and an IMAX theater on the propertyfailed this year, after Mayor Matt Pryor, who opposed the project,was elected.

The city is now sending a request for proposals to HotelInvestment Services of Troy, The Spencer Group of Plymouth,Hospitality Advisors of Ann Arbor and Acquest Realty Advisors Inc.of Bloomfield Hills.

The companies are asked to come up with a feasibility study thatwill include all the current wanted projects on the site, includingtraffic counts and the local economic impact.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.