Thursday, October 12, 2006

Room with a (spectacular) view

Imagine living high atop downtown Detroit.

Look out one window and catch the final inning of a heated Tiger game. Look out another and you've got a bird's-eye view of a summer concert at Campus Martius Park. You have an aerial perspective of Detroit's Thanksgiving Day Parade and your home is one of the best spots in the city to watch the annual Freedom Festival fireworks.

Walk a few steps out your front door and a host of amenities lie at your disposal. There's an on-site concierge to tip you off on the hottest happenings this week, and a doorman to greet you and provide that extra set of hands when yours are full of grocery or shopping bags.

You have access to a state-of-the-art fitness center to keep you in tip-top shape along with and an indoor heated pool and whirlpool to provide a welcome escape from the hustle and bustle of daily life.

Some of the best retail shopping in Detroit is located just floors below, so you'll never have a problem finding that perfect birthday gift for a co-worker or the right outfit to wear to that important meeting.

You won't have to drive much - an assorted collection of restaurants, bars and entertainment venues lie just blocks away - but in the rare event you do need a set of wheels, there's no need to park or retrieve your car; the valet service will handle that for you.

Don't feel like going out for dinner tonight? Not a problem - you have 24-hour room service available at your beck and call.

In just a few short years, Detroiters living in the luxury condominiums on the top eight floors of the beloved Book-Cadillac on Washington Boulevard will enjoy these first-class amenities and panaromic views of the city, the Detroit River and Windsor.

How can you secure a spot at what will undoubtedly become one of Detroit's most sought-after addresses? You could wait for the grand opening, scheduled a few months from now, but as one of the largest and most important residential developments Detroit has seen in decades, the 67 luxury condominiums planned for the new B-C will go quick.

If you really want to live in the future pinnacle of downtown Detroit, Esquire Properties invites you to attend a pre-grand opening on Saturday at the Detroit Athletic Club.

Jon Grabowski, President of Esquire Properties, says the pre-grand opening or "selection phase" will allow interested buyers the opportunity to choose a condominium before the grand opening sales period. Purchases made at the preview event are eleigible for one-day-only special pricing:

"Pre-release pricing begins at $280,000," Grabowski says. "We anticipate opening a Welcome Center in December with prices starting at $320,000."

What do buyers get for the money?

Besides panoramic views of the city, the Detroit River and Windsor and access to all the amenities at the four-star Westin Book-Cadillac Hotel, buyers at the Westin Book-Cadillac Detroit Residences qualify for three tax incentives upon purchase: a Neighborhood Enterprise Zone (NEZ) property-tax abatement that severly reduces property taxes on the residence for 12 years; a State of Michigan Renaissance Zone tax abatement, which gives buyers a 100% tax exemption on city and state income taxes, as well as Detroit utility-users tax, until 2015; and a one-time historic tax credit, which is transferred to the buyer at closing and can be used to offset personal income taxes.

One-bedroom condominiums at the new Book-Cadillac will be 950-square feet; two-bedroom units will be 1,500-square feet. Six penthouse units, ranging from 2,300- to 4,500-square feet, are also available.

The pre-grand opening of the Westin Book-Cadillac Detroit Residences is set for 11 am on Saturday, October 14. A 5% deposit of the purchase price is required to reserve a unit for purchase.

For more information, please visit Esquire Properties on the web or call 313.580.2200.

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