Fernando Palazuelo said he has recently had several offers for the site — and he hasn’t budged.
The owner of Detroit’s blighted Packard car plant complex said he hopes to finish a master redevelopment plan for the site within three to four months.
It’s taken months, but the sale of the old Packard Plant on Detroit’s east side is complete.
A prospective buyer of a sprawling former car plant that for years has been a symbol of Detroit’s decline says he plans to live at the site as he redevelops the property.
Officials have turned to yet another bidder after a Chicago developer missed a payment deadline in his bid for the crumbling Packard Plant.
A Chicago developer hoping to buy the crumbling Packard Plant has received another extension.
It remains to be seen whether Chicago developer Bill Hults will buy Detroit’s defunct Packard plant.
Chicago area developer, William Hults made the $100,000 down payment towards the $2 million purchase price of the dilapidated Packard plant along East Grand Boulevard in Detroit.
An extension has been granted for the man who wants to buy Detroit’s old Packard Plant.
The Wayne County treasurer’s office is canceling a $6 million online bid for the old Packard plant in Detroit.