On June 4, 2007, the Detroit City Council approved the sale of property at 200 W. Montcalm to Olympia Development for $50,000. The 3,700 sq. ft. lot was described as a tax forfeiture. At $50,000 that would be at a cost of $14 per square foot; rather cheap by comparison to what the Ilitch organization (West Grand River Lofts LLC) paid for the Elizabeth Street Lofts property at 2030 W. Grand River Ave.; $1.73 million for a 7,405 square foot lot with a 22,689 square foot structure.
With this transfer of property by the City to Olympia Development, the Ilitches now own 9 of 13 parcels on W. Montcalm St. in the Foxtown area of Detroit.
Parcel No | Address | Owners |
02-000471-83 | 28 W MONTCALM ST, DETROIT, MI 48201-3423 | OLYMPIA ENTERTAINMENT INC |
02-000450-2 | 67 W MONTCALM ST, DETROIT, MI 48201-3422 | OLYMPIA ENTERTAINMENT INC |
02-000454. | 111 W MONTCALM ST, DETROIT, MI 48201-3424 | FIRE DEPT L-3 |
02-000455. | 119 W MONTCALM ST, DETROIT, MI 48201-3424 | KACHADOURIAN DAN |
02-000468. | 120 W MONTCALM ST, DETROIT, MI 48201-3425 | RANDAZZO JENNIE |
02-000456. | 127 W MONTCALM ST, DETROIT, MI 48201-3424 | OLYMPIA DEVELOPMENT OF MI LLC |
02-000457. | 135 W MONTCALM ST, DETROIT, MI 48201-3424 | MARTIN GEORGE B |
02-000458-61 | 143 W MONTCALM ST, DETROIT, MI 48201-3424 | OLYMPIA DEVELOPMENT OF MI LLC |
02-000466-7 | 146 W MONTCALM ST, DETROIT, MI 48201-3425 | OLYMPIA DEVELOPMENT |
02-000465. | 200 W MONTCALM ST, DETROIT, MI 48201-3425 | OLYMPIA DEVELOPMENT |
02-000462-3 | 201 W MONTCALM ST, DETROIT, MI 48201-3424 | OLYMPIA DEVELOPMENT |
02-000464. | 213 W MONTCALM ST, DETROIT, MI 48201-3424 | OLYMPIA DEVELOPMENT OF MI LLC |
02-002046. | 229 W MONTCALM ST, DETROIT, MI 48201-3424 | OLYMPIA DEVELOPMENT OF MI LLC |
Map of plotted properties in Foxtown and the neighborhood surrounding MotorCity Casino in Detroit.
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