The Detroit times., 1910-07-08
l0-sT0RY BUILDING
FOR WRIGHT. KAY +.
CORNER
Fred Sanders Seeks Extension Of
Lease Of Premises To 80 Years
and VIII Put Up struc-
ture Costing 100000.
Builder viii Occupy First Two
Floors and Others VIII Be
Devoted To Offices.

Detroit IL practically assured OF an
other fine store and once building In
the downtown district.
Fred Sanders. the Woodward-ave.
confectioner. plans to erect 1o-story
structure on the site at the northeast
corner OF Woodward-ave. and Campus
Martius, now occupied by Wright
Kay q Co. Some time ago he secured
a 16-year lease OF the premises. the
lease to take effect next May. He
planned to remodel the block and use
the ground floor for his Ice cream par
lors and confectionery store. Since
getting the lease he has changed his
mind about using the old building and
IL determined to put up brand new
building, provided he can make salts
factory arrangements with the owners
OF the premises.
81 am negotiating with them for
30-year lease OF the Site" said Mr..
Sanders, Thursday morning. "and II
get II. which l think shall, II IL my
intention TO start the work on the pro-
posed new building next spring, just
as soon as my lease begins. Negotia.
tons are now pending between myself
and the trustees OF the estate for the
extended lease and I am Of the opin-
ion that they will grant the extension.
There are some conditions. however,
attached to the extension. am insist
ing on getting the 30-year lease at the
rate OF $25, 900 year in rent. For the
16-year lease have agreed TO pay
10000 year In rent. cannot afford
to pay more than $4,000 year for 30
years, and IL the trustees don't mako
the reduction on the extended lease,
why, won't put up the building, that's
all. However, as I said before, l feel
sure that we shall arrive at q salts
factory settlement In the matter. In
addition to getting 1925, 900 a year In
rent from me. / am 10 give the new
building TO the estate which owns the
present site and the building now on
It. l am In hopes that the building
shall be erected, for l feel that i want
to do something for the city. The
building will be known az the
Sanders II will cost all OF $780,
O00."
]. l. Hudson. one of the trustees ~
the owners OF the site on which
Mr.. Sanders plans to erect his new
building, says II Is impossible to say
just now whether the trustees and Mr..
Sanders would be able to come to
terms on the proposed extension OF
The lease A meeting to finally con-
slider the matter IL 10 be held within
a day or two.
The property in question belongs TO
the Ccyl Fund OF Harper hospital and
st. Luke's Hospitals, each or the Two
owners having an equal share. The
property was left TO the hospitals by
Samuel B. Coyl and his sister, Miss
Jane Coyl, when they died some years
ago. Miss Coyl gave her half inter
est In the property to Harper. while
MIR. Coyl bequeatned his half share
to Sc. Luke's hospital.
Wright, Kay & Co., the present &C.
cuparts Of the building, will remove
in August to the store formerly occu
pied by the Observation-Disclosures
Co.. Woodward and Grand River-aves.
Their lease, however, doesn't expire
until next May. In the meantime the
lease will be held by Moses A. Lipsltz.
head OF the National Clothing System,
whose place of business Is now on part
of the second floor over Wright, Kay
a Co. Mr.. Lipsitz will partition the
lower ground space of into five small
stores. One OF these he plans to DC
cupy himself The others are prac.
ticaily rented now. in spite of the fact
that each tenant Will have to get out
when Mr.. Sanders takes charge OF the
building next May. Mr.. Lipsitz's lease
Just runs from August of this year
until May, 1911.
The new building which Mr.. San
ders plans to erect will be a credit
TO the city. The exterior is to be OF
terra Gotta material. Mr.. Sanders ex-
poets to use the ground and second
floors himself, white the upper eight
stories will be for Offices, OF which
there will be 10 On each door. There
will be three elevators. II Is posi-
BILE that two stores, with arcade ef-
feet, will be installed In the northeast
section OF the ground floor. although
at the present time Mr.. Sanders be-
lieves he will require the whole OF
the ground floor for himself.
Preliminary plans have been pre-
pared for the structure. Mildred q
f,t.o,, $50 tha archttocfa