Word: center
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Dates: during 1970-1979
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...Portman also built the second tallest hotel, Atlanta's 70-story Peachtree Center Plaza Hotel...
...center's supporters concede that it is too early to call the project a success. Says Ford Financial Expert Stanley Seneker: "We are looking ahead to something like four or five years to make this a reasonable business proposition." Ren Cen, however, was intended not to enrich its backers but to revitalize the city. Here, too, judgment of its effectiveness is premature, but there are already a few stirrings of rebirth downtown. A new riverfront plaza is under construction near by; it boasts an obelisk and a fountain by the noted sculptor Isamu Noguchi. Part of Woodward Avenue will...
Detroit has more industry and less charm than any other large American metropolis, and its downtown is not regarded as one of the world's great garden spots. Businesses have been fleeing for years to the northern arid western suburbs, with the result that the city center has become little more than a financial hub by day, a graveyard at night. Fortunately, Henry Ford II decided five years ago to preside over an enviable rebirth on the Detroit River. The big "catalyst," as Ford put it, would be construction of the $337 million Renaissance Center, consisting of shops, offices...
...four 39-story, octagonal office towers are finished, but only 68% of this is rented-much of that because Ford Motor Co. leased a whole tower for 1,700 employees (many of whom would have preferred to stay in Dearborn, eleven miles from the city center...
...valuations in town (outside Ren Cen, that is) by $6 million. Critics contend that the self-contained character of Ren Cen will do little to encourage people to use the rest of downtown Detroit, which remains a fear-filled area despite a recent slowdown in violent crimes. And the center's rentals to date fall short of expectations...