ROMULUS, MI-A large parcel of land in Romulus near Detroit Metropolitan Airport is changing hands again. This time, Grand Sakwa Properties of Farmington Hills is buying the 568 acres for an undisclosed sum from Llwyd Ecclestone, a Florida real estate developer.

Ecclestone had dropped two plans for the property, one in the late 1980s for a $40-million hotel, theater, restaurant and office complex, and a plan in 1997 to spend $250 million to build a new baseball stadium for the Detroit Tigers, a casino and other entertainment uses, called Metro World Centre.

The Tigers opened their new Comerica Park in 2000 in Downtown Detroit. William Eisenberg from Grand Sakwa says the company is still in due diligence for the property.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.