Packard owner settles land disputes, expects to fire up cranes next month

bilde (1)“The Packard Plant ruins on Detroit’s east side could soon be buzzing with construction cranes as the plant’s Spanish-born owner launches the opening phase of his ambitious redevelopment project.”

“In an exclusive interview Tuesday, Fernando Palazuelo said he anticipates the arrival within two to four weeks of cleanup crews and aerial cranes to his 40-acre factory site, which is now vacant and hasn’t produced an automobile since the mid-1950s.”

http://www.freep.com/article/20140820/BUSINESS06/308200039/Packard-Plant-Fernando-Palazuelo-update

Fernando Palazuelo says signs will go up next week at Packard Plant

bildePackard Plant buyer Fernando Palazuelo said today he would start preliminary work on redeveloping Detroit’s most famous abandoned factory next week and outlined plans for hosting a Detroit Symphony Orchestra concert among the ruins there this fall.

http://www.freep.com/article/20140625/BUSINESS06/306250176/Fernando-Palazuelo-Packard-Plant-update

Making Central Lima attractive for shoppers again

Making Central Lima attractive for shoppers again“New businesses are drawing in money and interest, however the old should not be forgotten. Art Express, a firm led by Fernando Palazuelo, is working towards the recovery and enhancement of over 15 buildings located in this district of the capital. This firm has brought new life to central Lima with such projects as the Urban Hall located in the Wiese Home.”

http://www.peruthisweek.com/news-making-central-lima-attractive-again-103789

Fernando Palazuelo set to begin Packard Plant revitalization

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“Packard Plant owner Fernando Palazuelo admits his title to the property was under attack, but following a settlement with a former owner, it is his beyond dispute. He then paid the property’s overdue tax bill, as a symbol of his seriousness to revitalizing the massive industrial ruin. ‘I am proud to be a taxpayer,’ said Palazuelo. ‘We paid nearly $100,000. It makes me feel more like a member of the community.'”

http://www.clickondetroit.com/news/fernando-palazuelo-set-to-begin-packard-plant-revitalization/27644580

Peruano transformará planta abandonada de Packard en Detroit

Fernando Palazuelo

Enormes fragmentos de concreto cuelgan peligrosamente del piso superior de un edificio en ruinas en el terreno abandonado de lo que fue la planta automovilística Packard, marca que alguna vez simbolizó la refinación y los vehículos de lujo en Detroit pero que desapareció con el tiempo.

“Grafiteros y muralistas han dejado por igual su impronta en las paredes de la propiedad; los chatarreros se llevaron todo lo que era de metal y los pirómanos incendiaron neumáticos, zapatos y demás basura tirada en el lugar.”

http://gestion.pe/inmobiliaria/peruano-transformara-planta-abandonada-packard-detroit-2101630

Detroit’s Packard Plant owner in his own words: ‘Sorry, I’m not a millionaire’ and ‘I still have very big debts’

Tanya Moutzalias | MLive.com
Tanya Moutzalias | MLive.com

“DETROIT, MI – The scene is a gaudy palace in Spain, decked out with Ferraris and all the luxury items.

Fernando Palazuelo, who owns the crumbling and blighted 3.5-million-square-foot Packard Plant, described the setting as his home, his Iberian lifestyle. He accumulated the wealth after successfully developing parts of Madrid, Barcelona and Palma de Mallorca.”

 

http://www.mlive.com/business/detroit/index.ssf/2014/06/detroits_packard_plant_owner_i.html

Uniquely Detroit: The man with the plan for the Packard Plant

Fernando-inside-Packard-Plant-JPG

“‘Detroit was a town with a lot of history, a European touch, a French touch. The first time I read about Detroit, it was completely, still today, undervalued,’ Palazuelo said. ‘I see something very close to what you see when you walk on the old ruins of the Greek towns, the Roman towns or the South American towns. You see a lot of history. Of course you see destruction, but on the other hand, also if you are able to read the buildings, you get a lot of information. I mean this is an open book.'”

http://www.clickondetroit.com/news/live-in-the-d/uniquely-detroit-the-man-with-the-plan-for-the-packard-plant/26634042

Can Detroit go from Motown to grow-town?

cnnhttp://edition.cnn.com/2014/04/17/business/detroit-motown-property-grow-town/

“The Peru-based developer stunned Detroiters by purchasing the abandoned Packard automotive plant earlier this year — one of the most famous buildings to be sold after the city filed for bankruptcy and the most emblematic eyesore of Detroit’s fall. But Palazeulo sees beauty and possibility amid the ruin of the Packard site.”