Fernando Palazuelo is the new owner and developer of the Packard Plant. He bought in 2013 it at auction from Wayne County for just over $400,000.
Palazuelo is a Spanish developer living in Lima, Peru. He's a Peruvian Dan Gilbert -- he owns a large amount of property in Lima once-battered downtown. He's also bought and refurbished buildings in Madrid, Barcelona, Bilbao, and Mallorca.
Sources
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Packard Plant owner charms east side, Detroit News, November 7, 2014.
- This Spanish developer helped rebuild Lima and now he’s betting big on remaking Detroit, PRI's "The World", December 27, 2013