Real estate insider: Chris Illitch’s mom on Stephen Ross’s trip to Detroit at the start of the Hamtramck Stadium renovation



Christopher Ilic said little when I asked him this morning about the discussions his family owned real estate company had with billionaire developer Stephen Ross.

President and CEO of Ilitch Holdings Inc. was more than happy to speak to the media about historic Hamtramck Stadium, his Detroit Tigers family baseball team, general manager Al Avila, team recovery, free agents, Miguel Cabrera and its a 500 home run race, COVID-19 Restrictions at Comerica Park and Other Topics.

I guess it makes sense.

After all, he was in Hamtramck as part of the announcement of the renovation of the historic $ 2.6 million stadium that was once home to the Detroit Stars of the Negro National League, as well as other teams in the 1930s.

Detroit Tigers Foundation, Ralph K. Wilson Jr. Foundation, Kresge Foundation, Friends of Historic Hamtramck Stadium, Wayne County, Michigan Municipal League Foundation, Hamtramck Park Conservancy, and National Park Service are funding the renovation. A very cool project.

But let’s return to another question: my mother was talking about Ross when I raised this topic and asked Ilyich if it was his company. buying property west of Fox Theater

“I’m not going to comment on all this while sitting here today,” Ilyich said, surrounded by the press, television and radio and microphones.

“I think today is really about Hamtramck Stadium, the renovation, it is dedicated to honoring the Negro League and I think it should acknowledge the excitement of our Detroit Tiger football club. But I think there will be a day to talk more about our development. efforts in the city. I will say that I am extremely proud of the balanced and sustainable approach that our organization has taken to development. We have done a lot of great work in recent years. We have many projects in Flight today and I look forward to continuing this effort and the positive results it will bring. ”

(If the phrase “balanced and steady” sounds familiar, it’s because he appeared in this space two weeks agowhen family-owned real estate company Ilitch, Olympia Development of Michigan, emailed a lengthy statement defending her track record in the Detroit area.)

In case you missed the news a few weeks ago, Ross, the head of Related Cos., A New York-based Detroit native, was in discussions with Olympia on the location of the Detroit Center for Innovation, planned at the initiative of the University of Michigan Graduate School, in the Detroit area of ​​the Illitch family area in place of Dan Gilbert’s former Wayne County Joint Jail site

If this happens, it can be seen as push to the Detroit area, which was proposed in 2014 as a vast sports and entertainment area of ​​45 to 50 blocks with bars, restaurants, shops, apartments, offices and green spaces, but today precious little of this grand vision actually came true

But questions about the negotiations and plans of Ross-Ilyich remain, and it remains to be seen whether they will actually materialize.


Source link