Apparently, Dan Gilbert’s skyscraper buying spree isn’t over just quite yet.
The historic Buhl Building, a 390,000 square foot structure in the heart of the Central Business District that opened in 1925, has a very ornate lobby as well as some of amazing statuary high about the city.
Per Historic Detroit, it’s another one of Detroit’s buildings adorned by the work of Corrado Parducci.
The deal also includes a 652 space parking garage next door.
From an entertainment perspective, the building is home to the Buhl Bar, an establishment that The Detroit Optimist Society recently took over. They own a variety of popular city establishments, including Wright & Company, Sugar House, and Honest?Johns.
“As Bedrock always does for our iconic building acquisitions, our strategy for the Buhl building balances the importance of respecting its history and architecture with ensuring a smooth transition for all of the existing tenants. We also look forward to improving common areas, technology and implementing modern building infrastructure in the building and garage,” said Jim Ketai, Bedrock CEO in a statement. “When the Buhl was built in the 1920s, it represented one of the most prestigious office buildings in Detroit, and we are proud to add the iconic building and garage to our portfolio.”
The purchase price was undisclosed.