After its past owner defaulted on plans to convert it to luxury
condominiums, 1001 Woodward has been purchased by Jim Papas of Pegasus
Taverna and the Atheneum Hotel. He also bought the attached 12-story
parking garage.
Excerpt:
Recent years have seen the area’s steady redevelopment.
The price isn’t known. A source close to the deal told
Crain's the sale price will be roughly $16 million, coming down from the $20.3 million asking price.
Read the entire article
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.