325 N. Old Woodward, Birmingham

Description: Burton- Katzman partnered with Gershenson Realty and Investment to acquire the former Jacobson’s Department Store, which had been abandoned, leaving a prominent downtown corner in dire need of redevelopment. The partnership purchased the property with the vision of developing the most dynamic mixed use project in affluent Downtown Birmingham, one of Southeast Michigan’s most desirable suburbs. Incorporating nearly a full city block, this luxury Class A 183,884 SF building is truly a new landmark of the city, incorporating high quality live, work and play components.

This prestigious building includes: 38,641 SF of retail space on the first floor; 74,078 SF of Class A office space on the second and third floors; and twelve terraced penthouse condominiums ranging from 1,300 SF to 5,575 SF on the fourth floor. Underground parking provides security and convenience to the condominium owners and select commercial tenants.
Awards: Awards: CAM (Construction Association of Michigan) Magazine, Special Issue Series 2007 featuring the "12 Most Outstanding Projects of the Previous Year", AIA (American Institute of Architects) Huron Valley Chapter - Honor award for new building category.

Read CAM article here.
Status: The project was completed on schedule in time for its first tenant, UBS, to move in to their 31,753 SF second floor luxury space. Because of Burton-Katzman’s attention to detail, such as the unique European design elements, quality materials, cost effective and rapid construction, and redevelopment of a highly desirable location, the lease up of the building has been remarkably fast.
Location: Birmingham, Michigan.
Architecture By:Hobbs Black Architects
Condominium Design By:Lubin, Schulz & Skocelas
Financing: Total costs were conventionally financed. Huntington Bank provided the construction loan.
Crain's Detroit Business article: Birmingham sale may be record [read more]

Tenants:

UBS is a leading global wealth manager, a top tier investment banking and securities firm and one of the largest global asset managers occupying 31,753 SF on the second floor.

Internet giant Google’s mission is to organize the worlds information and make it universally accessible and useful. It is now widely recognized as the world’s largest search engine, occupying 17,235 SF on the first floor for marketing operations in Oakland County. A unique “Google Lounge” – the only one in the country – is designed to add an inviting pedestrian component to the retail streetscape.

Oppenheimer & Co Inc. is a leading national investment boutique that provides financial services and advice to high net worth investors, individuals, businesses and institutions is occupying 30,290 SF on the second floor.

Raymond James founded in 1962 is one of the largest financial services firms in the United States. They provide individual investors and corporations with investment, financial planning, investment banking and asset management services internationally is occupying 16,484 SF on the third floor.

Fleming's Prime Steakhouse & Wine Bar is the ultimate steakhouse destination for people seeking a stylish, lively and contemporary dining experience occupying 7,800 SF on the first floor.

Designs Unlimited has been designing & manufacturing furniture for over 25 years. Although they make a large variety of product types, they specialize in support furniture for domestic audio and video applications is occupying 2,109 SF on the first floor.