the world's most visited architecture website
i

Sign up now and start saving and organizing your favorite architecture projects and photos

Sign up now to save and organize your favorite architecture projects

i

Find the most inspiring products for your projects in our Product Catalog.

Find the most inspiring products in our Product Catalog.

i

Get the ArchDaily Chrome Extension and be inspired with every new tab. Install here »

i

All over the world, architects are finding cool ways to re-use run-down old buildings. Click here to see the best in Refurbishment Architecture.

Want to see the coolest refurbishment projects? Click here.

i

Immerse yourself in inspiring buildings with our selection of 360 videos. Click here.

See our immersive, inspiring 360 videos. Click here.

All
Projects
Products
Events
Competitions
Navigate articles using your keyboard
  1. ArchDaily
  2. Articles
  3. Mies Towers for Sale....(Just Read the Fine Print first)

Mies Towers for Sale....(Just Read the Fine Print first)

Mies Towers for Sale....(Just Read the Fine Print first)
Lafayette Park (1946) Ludwig Mies van der Rohe. Photo via Flickr CC User MI SHPO. . Used under <a href='https://creativecommons.org/licenses/by-sa/2.0/'>Creative Commons</a>
Lafayette Park (1946) Ludwig Mies van der Rohe. Photo via Flickr CC User MI SHPO. . Used under Creative Commons

No architectural gem is safe from Detroit’s foreclosure crisis – not even two of Mies Van der Rohe’s very own creations. The Lafayette Towers, two 22-story towers of 584 units, originally part of a major urban redevelopment project in the late 50s early 60s, are up for auction July 18th.

But be warned, there is a catch…

Find out the fine print, after the break.

Within 18 months, the owners must complete a laundry list of reparations (including replacing bathtubs and installing peepholes). And to make sure you’re on-task, HUD will require you to send quarterly progress reports (with pictures of course) and put down $2.5 million dollars as a kind of deposit.

As ArtInfo puts it, “HUD’s comprehensive list of repairs is a fine print nightmare for developers but a blessing for Mies’s 1960s-era architecture.” Perhaps this foreclosure may just be a blessing in disguise.

Story via ArtInfo, Curbed Detroit, Archinect

About this author
Vanessa Quirk
Author
Cite: Vanessa Quirk. "Mies Towers for Sale....(Just Read the Fine Print first)" 05 Jul 2012. ArchDaily. Accessed . <https://www.archdaily.com/252060/mies-towers-for-sale-just-read-the-fine-print-first/> ISSN 0719-8884
Read comments