Peabody’s Restaurant in Birmingham demolished for planned $30 million development

By | 2017-12-11T18:54:29+00:00 December 11th, 2017|News|

Demolition of the former Peabody's Restaurant in Birmingham began Tuesday, with plans for a five-story mixed-use development in the works from Southfield-based Alden Development Group. The city of Birmingham announced the demolition last week. It should finish in the next week and a half to two weeks, said Bruce Johnson, Birmingham's building official. READ FULL ARTICLE

Sterling Group Sells the Ford Building Downtown After Less Than 6 Months

By | 2017-12-11T18:25:46+00:00 December 11th, 2017|News|

The 18-story Ford Building at 615 Griswold St., one of the oldest office buildings in downtown Detroit, was sold by a local family to the Sterling Group of Detroit for $12 million in early February. Now, less than six months later, the Sterling Group has turned around and sold the building for an undisclosed sum to two principals, Matthew Shiffman and Zaid Elia, who purchased it under the business name, Ford Building Rino LLC of Southfield. The sale

Hilton Announces Signing of DoubleTree by Hilton Detroit Bloomfield Hills

By | 2017-12-11T18:25:46+00:00 December 11th, 2017|News|

BLOOMFIELD HILLS, Mich. and MCLEAN, Va. - Hilton (NYSE: HLT) and Kingsley Hospitality, LLC today announced the signing of DoubleTree by Hilton Detroit Bloomfield Hills. Formally the historic Kingsley Inn, the 147-room hotel will undergo a $10 million revitalization this fall and will feature a full-service restaurant, indoor pool and 11,396 square feet of flexible meeting space. Hotel Investment Services, Inc. will operate the hotel, which is expected to open in fall 2017. "As we continue

Brookside Residences Introduces New Tier of Luxury Living in Birmingham

By | 2017-12-11T18:25:46+00:00 December 7th, 2017|News|

In the heart of downtown Birmingham on North Old Woodward just south of Maple, Brookside Residences is ushering in a first-to-market tier of luxurious condominium living, with construction on the underground parking nearly complete and the construction of the steel structure set to begin this month. The $80 million, five-floor development has begun pre-construction sales with nearly 30 percent of the residences sold and is slated to be completed by late 2018. READ FULL ARTICLE

$80 million condo project springs to life in Birmingham

By | 2017-12-11T18:25:46+00:00 December 7th, 2017|News|

Location, luxury and lots of money are the key components in the $80 million Brookside Terrace development going up on North Old Woodward in downtown Birmingham. The five-story building overlooks the Rouge River and will include 28 condominium units that start at $1.7 million – or north of $875 per square foot. Developer Matt Shiffman said there’s nothing comparable in the Michigan marketplace in terms of price and polish. “I think we tested the boundaries

Matt Shiffman has $75 million in projects in Birmingham, Detroit

By | 2017-12-11T18:25:47+00:00 November 9th, 2017|News|

Passion for real estate runs in Matt Shiffman's blood. Now his Birmingham-based Alden Development Group LLC has more than $75 million worth of projects in Birmingham and downtown Detroit to complete. The $45 million-plus Brookside Terrace on South Old Woodward in downtown Birmingham and a $30 million-plus redevelopment of the site that formerly housed Peabody's restaurant on Woodward Avenue will bring a pair of new five-story buildings to the swank central city. READ FULL ARTICLE