Tom Gores — a 47-year-old private equity investor and full-time resident in Beverly Hills, Calif., who bought the Pistons in June — is considering buying a Metro Detroit residence closer to his basketball and concert facilities, a spokesman for Gores said, but declined further comment.
Gores has several times toured the 5-acre estate in Grosse Ile once owned by the late auto aftermarket magnate Heinz Prechter, said Ronni Keating, a Realtor with SKBK’s Sotheby’s International Realty, representing the home.
Called the Prechter estate, the property includes a 6,200-square-foot-home with a tennis court, an Olympic-size swimming pool with Pewabic tile, a video conference center and a private dock that can accommodate a 250-plus-foot yacht.
The Prechter estate in Grosse Ile is listed for $5.4 million — a little less than half of $11.2 million it listed for in 2004, according to news reports.
“What may be the big selling point for Mr. Gores is the helipad,” referring to the helicopter landing area on the property, said Keating.
A helicopter would avoid traffic snarls and shave time off any commute from the Downriver island to northern Oakland County where his arena and concert venues are located.
I wonder where Gores, a California resident, got that idea.
On a more serious note, I’m glad to see Gores is looking to buy a home in Metro Detroit. Although I don’t think he must be around The Palace at all times, I think it would help if he spends more time in Michigan.