Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-After closing his popular Detroit restaurant near the expanding OrchestraHall, Matt Prentice admitted there is a negotiation to put an eatery at theRenaissance Center (the General Motors Corp. headquarters) downtown.

Prentice’s Unique Restaurant Corp. shut the doors of Duet in late May. Theplace just wasn’t making money, the 43-year-old Prentice told GlobeSt.com.

“The customer count was going down, compared to last year and the yearbefore that,” Prentice said, adding that the lease on the building, the one walk-to eatery near Orchestra Hall, wasending anyway.”The cost of doing business was just getting too high. It just didn’t makesense to just working to pay for personal and property taxes,” Prenticesaid.

The Orchestra Hall area is getting quite popular. The Hall has beenrenovated to the tune of $60 million; the new four-story center willencompass 130,000 sf of new public space and backstage supportfacilities. It will be known as the Max M. Fisher Music Center, or “The Max,”after a local developer and philanthropist.Residential developments have been proposed for the areas around the hall,and other projects are being discussed.

Regardless, Prentice said it was just time to close Duet. He isn’t as sureof the area’s strength.

“The city has just not rebounded yet,” Prentice said. “Sales have erodedsince Sept. 11, 2001, and the city just hasn’t come back. Also, the areaaround Orchestra Hall is just not as developed as I had hoped it would be bynow. It’s just so much easier to go to the suburbs, where rebounds arefaster.”

In 1980, Matthew Prentice took over a shuttered sandwich shop in Oak Park,MI, tossed his last $200 into the till and opened the Deli Unique, servingentrees like Beef Wellington and flaming duck at deli prices. He now owns 12restaurants in the suburbs, and a substantial catering business.

Duet was Prentice’s only city of Detroit restaurant. Rumors have floated that he’snegotiating to put a restaurant into GM’s Renaissance Center, but he declines to confirm or deny this. “That’s not something I can comment on,” he said. “We don’t have a deal. Whether it will be done, I don’‚t know. All this talk is premature.”

However, he admitted he doesn’t want to leave the Motor City.”Hopefully, if what we are contemplating should work out, that’s where we’llwant to be in the city,” Prentice said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.