Rocket Fiber's Launch Includes Second Stage
20150302-NEWS--0001-NAT-CCI-CD_-- 2/27/2015 5:29 PM Page 1 ® www.crainsdetroit.com Vol. 31, No. 9 MARCH 2 – 8, 2015 $2 a copy; $59 a year ©Entire contents copyright 2015 by Crain Communications Inc. All rights reserved Page 3 ROCKET FIBER:PHASE 1 COVERAGE AREA Panasonic unit plays ‘Taps’ ‘To chase for apps, rethinks strategy According to figures provided by Rocket the animal’ Fiber, the download times for ... “Star Wars” movie on Blu-ray: about seven hours at a typical residential Internet speed of Packard Plant owner eyes bids 10 megabits per second but about 4½ minutes at gigabit speed. for historic downtown buildings An album on iTunes: About one minute on LOOKING BACK: ’80s office residential Internet and less than a second BY KIRK PINHO at gigabit speed boom still rumbles in ’burbs CRAIN’S DETROIT BUSINESS Over breakfast at the Inn on Ferry Street in Lions invite Midtown, Fernando Palazuelo slides salt and fans to pepper shakers across the table like chess pieces. They are a representation of his Detroit take a hike real estate strategy. Yes, he says, he’s getting at new Rocket Fiber’s launch ready to make a series of big moves. The new owner of the 3.5 million-square-foot fantasy football camp Packard Plant on the city’s east side has much broader ambitions for his portfolio in the city, which first took notice of him in 2013 when he Retirement Communities bought the shuttered plant — all 47 buildings, all 40 acres — for a mere $405,000 at a Wayne includes second stage County tax foreclosure auction.
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