In the shadow of Little Caesars Arena, owner seeks eye-catching price for sliver of land

Looking to capitalize on its proximity to Little Caesars Arena, a property owner is seeking the equivalent of approximately $25 million per acre for a small chunk of vacant land.

The parcel at 2939 Park Ave., about a block and a half north of the home of the Detroit Red Wings and Detroit Pistons, is being listed for $1.8 million for its 0.07 acres.

Of the Detroit commercial real estate experts I emailed the last several days about this — appraisers, brokers, developers — none had specific examples of land in the metro region in recent years being sold at $25 million or more per acre, although one said there may have been some Ann Arbor land sold for student housing at that rate. There was a Watson Street listing for a tiny parcel in Brush Park for $4 million or so but it fizzled out.

The rest hadn’t heard

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Oceanside seeks indoor soccer arena on park property

Closed-door talks between the Oceanside City Council and a developer have some residents concerned about the possible sale of land at the city’s 465-acre El Corazon Park.



a close up of a desert road: Oceanside is negotiating with a developer to build an indoor soccer arena on this property next to the senior center and a new aquatics center opening next year at El Corazon Park. (Jarrod Valliere / The San Diego Union-Tribune)


© (Jarrod Valliere / The San Diego Union-Tribune)
Oceanside is negotiating with a developer to build an indoor soccer arena on this property next to the senior center and a new aquatics center opening next year at El Corazon Park. (Jarrod Valliere / The San Diego Union-Tribune)

“This is a huge issue for our citizens and the process must be transparent and public,” said Joan Bockman, president of the nonprofit Friends of El Corazon. She also served on a committee of residents that helped create the specific plan approved by the City Council for El Corazon in 2009.

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State law allows elected officials to discuss things such as property negotiations and legal actions in private. But the potential sale of city

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