The iconic Fisher and Albert Kahn buildings in Detroit have sold for $12.2 million in an auction that ended Wednesday afternoon.
The Albert Kahn-designed masterpiece is covered in marble, brass and bronze and features hand-painted, barrel-vaulted ceilings, a theater and a golden tower.
The Art Deco building in downtown Detroit housed Michigan’s most storied newspaper for 73 years, but it’s a sad version of its old self.
The abandoned, neglected Albert Kahn high-rise is in the shadow of the planned Red Wings arena and entertainment district.
They are architectural gems, many of them more than a century old, with fascinating histories.
Some photographers and explorers are walking out of the ruins to find themselves without a car in the crime-ridden area.
Both newspapers have lost so many journalists over the past decade that large areas of their newsrooms are bare.
Today, the historic building was evacuated – maybe for the last time – after water spewed from broken pipes for nearly a week, soaking most of the floors, causing ceilings to crash down and shutting down the elevator and toilets.
The English Renaissance-style structure is the current headquarters of the Detroit Urban League.
Next up to buy the Packard Plant is the third bidder – Peru-based developer Fernando Palazuelo.