“We are taking the towers and the single parcel that they sit on to auction,” said Todd Szymczak, executive vice president of investment sales for Farbman Group, in an email last week. “Many more buyers have approached us about buying pieces of the assemblage rather than the whole, so we are offering the market this option now.”

In November 2023, a Wayne County Circuit Court judge overseeing a receivership case for the property signed off on selling it to an entity called PMN Partners Holdings Co. LLC but that plan apparently collapsed. People familiar with the matter at the time said the working vision was to turn some of the property into a national hotel, along with residential and retail space.

Court documents at the time said PMN Partners Holdings was connected to Paul Stann, a Denver developer. The purchase price at that time was $16.5 million.

Farbman Group was hired to oversee the office complex after owner 1200 Sixth Street LLC defaulted on a $10.3 million loan from Orange County, Calif.-based lender M360 Advisors, according to Wayne County Circuit Court records.

The circuit court complaint, filed in February 2023, said that with interest and other fees, the total owed on the 2017 loan was about $17.96 million. That includes principal of $14.93 million, which includes additional advances to the owners beyond the $10.3 million loan, interest of $2.7 million, late fees of $170,200 and a forbearance fee of $150,000, the lawsuit said.

It last sold in May 2005 for $6.3 million.