Looking to capitalize on the creative energy captivated by the Fisher building, which has long been deemed the largest art object in the Motor City, The Platform, LLC will be converting the entire fourth floor of the building into space for local creatives to expand and grow both their art and their business.
The space will offer studio options to local creatives of all manner—from those in the fine arts of drawing, painting and sculpture to the literary arts, design, and crafts as well as dancers, performance art groups, and even yoga practitioners. The studios will range in sizes from 250 square feet to 2,750 square feet and will be available to individuals, collectives, and organizations.
Current pricing places the spaces at $15 a square foot, which equates to leases between $350-3,000 a month in year one. The rate increases after a three-year incubation period to the low-$20/square foot range.
“We believe if we can put that out as an option, than rather than waiting for a lot of creatives to reach that rate, we can grow with them,” said Abir Ali, director of design and culture for The Platform. “We can give them that opportunity to be in the Fisher Building… to really use that as leverage in building their story… and their client list.”
According to Ali, a marketplace has been planned for the basement area of the building. This area will provide a potential retail arena for the creatives to sell their wares, thus helping to grow revenue in order to keep up with rising rental rates after the three-year period.
News & Image Source: http://www.crainsdetroit.com/article/20170817/news/636651/the-platform-to-convert-fisher-building-floor-to-subsidized-studios-for