These developments best showcase the Lutz organization's strengths, combining vision with experience to uncover potential opportunities and capitalize on them. In order to achieve success in these niche categories, it requires solid market research, exceptional imagination and in-depth knowledge of re-development and construction costs. Over the years, Lutz Real Estate Investments has combined these skills with creative marketing to effectively maximize the profitability of these one-of-a-kind ventures.
-
60 East Lake Street Parking Garage
Chicago, IL
summary »
Big Rock Restaurant
Birmingham, MI
220 Merrill
Birmingham, MI
Fort Knox Storage Facility (National Self-Storage)
Ann Arbor, MI
500 Units - 59,000 Sq. Ft.
Westland, MI
500 Units - 71,000 Sq. Ft.
60 East Lake Street Parking Garage: 60 East Lake Street Chicago, Illinois 60601
This 12-story structure in downtown Chicago's east loop includes a 210-space office parking garage and retail area consisting of 10,000 square feet. Lutz brought into the partnership principals of Hard Rock Hotel and expanded the parking facility to serve the entertainment market during the evenings and on weekends. A valet facility provides parking for the guests of Hard Rock, China Grill and Mortons. Visitors now use the facility to enjoy the recently completed Millennium Amphitheater designed by Frank Geary.
The partnership replaced and upgraded the retail tenants with more appropriate retailers at substantially greater rental rates, further enhancing the investment performance. In 2007, the partnership installed a state-of-the-art payment program which created a more efficient collection process and reduced operating costs.
CORPORATE OFFICE: 300 South Old Woodward | Birmingham, MI 48009 | 248-432-3200
Copyright © All Rights Reserved | Site Map | Privacy Policy