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Month: July 2019 News Articles

Summer 2019

Fisher Building owners refinance loan for $36M to continue preservation efforts

July 25th, 2019

The owners of the Fisher Building have closed on a major loan refinancing to continue much-needed maintenance and preservation efforts on the historic Art Deco building in New Center. Planned work includes restoring the brass entrance doors, modernizing three elevators, renovating public bathrooms, and constructing a new conference center. The owners say the loan will also allow them to pay off all prior debt.

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The historic Fisher Building is a Detroit treasure

July 25th, 2019

If you’ve never explored the Fisher Building, make sure to put it on your list! This 1928 landmark skyscraper is a Detroit treasure. As always, we’d love to hear from you on places we should be checking out in your neighborhood. You can email your suggestions to Explore@wxyz.com You can also watch the entire video series on streaming devices including Roku, Apple TV and Amazon Fire TV.

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$36 million being spent to rehab, expand and improve the Fisher building

July 19th, 2019

The owners of the Fisher Building – HFZ Capital Partners, Rheal Capital Management and The Platform – are refinancing the skyscraper for $36 million to cover the costs of expansion, building improvements and more. Anticipated building improvements include restoring the brass entrance doors, modernizing three elevators and more. Improvements have been made recently, including a $1.4 million masonry work on the marble in the building and the restoration of the Arcade’s ceiling. The building also has a new HVAC system, which brought heating and cooling to the arcade for the first time in the building’s history.

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Historic Fisher Building Refinancing $36 Million In Debt To Pay For More Upgrades

July 1st, 2019

The Fisher Building is going to get some more upgrades.The 1928 Albert Kahn masterpiece — often thought of as Detroit’s largest art object — has been undergoing some renovations but anyone who’s worked there knows there is more work to do. The refinancing from Boston-based UC Funds that retires existing debt will allow the ownership team of The Platform, HFZ Capital Partners and Rheal Capital Management to do four main things: modernize three more elevators, renovate the public bathrooms, create a conference center for the building and restoration of the brass doors and other artistic details.

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Owners of Detroit’s Fisher Building close $36M loan to help continue preservation work

July 1st, 2019

Preservation work on Detroit’s largest piece of art, the Fisher Building, will continue thanks to some refinancing and the closing of a $36 million loan. This refinancing comes through Boston-based UC Funds, according to an announcement from the Fisher’s ownership group. As for what’s next, crews will work to modernize three elevators, renovate public restrooms, create a conference center, restore the brass entrance and work to return “other areas of beauty to their original grandeur.”

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Fisher Building owners close on $36M refinance loan to continue preservation

July 1st, 2019

The owners of the Fisher Building announced Monday that they have closed on a $36 million loan, a refinancing move they say will cover preservation and the ongoing rehab for the historic Albert Kahn-designed building.Plans include a conference center for the 1928 building, modernizing three elevators, renovating public bathrooms and restoring the brass entrance doors.

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