MTV Leases Space in Detroit
MTV Leases Space in Detroit
Looks like the Detroit rumors may be a reality! This is what was posted on the Oakland Business Review website:
Media giant Viacom Inc. leased 8,812 square feet of space for its MTV network in downtown Royal Oak, according to a release from Signature Associates-ONCOR International.
The deal lends credence to a rumor circulated for months that MTV may base a Super Bowl-related season of its reality show, "The Real World," in the eclectic suburban town.
Detroit hosts Super Bowl XL in February.
The space is in the Main North development, which is under construction on Main Street, near 11 Mile Road.
Signature, a Southfield-based commercial real estate firm, represented the landlord, Joseph Freed and Associates LLC, in the deal. The lease is categorized as office space.
Neither Signature nor Viacom returned calls from the Oakland Business Review by press time. Illinois-based Freed is developing Main North, a new mixed-use redevelopment project. The first phase of the project is planned to open in spring 2006 with 70,000 square feet of retail, 28,000 square feet of office and 273 residential units.
The project is being billed to prospective residents as three separate options - Main North Lofts, 94 two- and three-bedroom loft homes; Main North Terraces, a 176-unit condominium building; and luxury condominiums Main North Residences.
Main North is one of about a dozen condo developments planned, under construction or recently completed in the downtown Royal Oak area.
posted by Kim @ 4:43 PM
