Book Tower

The Book Tower is an Italian Renaissance styled tower in Detroit, Michigan. Construction began in 1916 as an addition to the original Book Building and finished a decade later. Designed in the Academic Classicism style, it is 475 feet (145 m) and 38 stories tall (not including two basement levels), with two mechanical floors at the top encasing the green copper roof, a roofing style shared by the nearby Westin Book-Cadillac Hotel. Retail and gallery floors used to reside on the first and second floors, with businesses previously occupying the rest. The building is currently unused. On August 9, 2009, Crains Detroit Business reported that the Ferchill Group determined that the Book-Tower is a viable investment project. In November 2009, Key Investment Group of Clinton Township, Michigan announced intentions to buy and renovate the building apartments and retail. Weeks earlier the investors had revealed that they were looking to purchase the building from AKNO Enterprises of Vancouver for a green renovation.

Named after the famous Book Brothers of Detroit, it was briefly the tallest building in the city until the completion of the Penobscot Building in 1928. A taller Book Tower of 81 stories was to be built at the opposite end of the Book Building, but the Great Depression cancelled those plans. The building contains a cartouche by the Detroit architectural sculptor Corrado Parducci. On July 25, 2006, the Book Tower was sold to the Pagan Organization, a New York-based investment group. Early plans call for a renovation and conversion of both the Book Tower and Book building into retail, residential, and office units. The Pagan Organization created the Northeast Commercial Services Corp. shortly after taking over the building. Northeast Commercial Services Corp. filed for Chapter 11 protection Wednesday, May 24, 2007, after defaulting on their loan from KSI Capital Corp., a New Jersey-based commercial hard-money lender. On January 5, 2009, the last occupant, Bookies Tavern, closed its doors to move to a new location downtown.



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