The brand new homeowners of the most expensive home ever sold in Detroit are Stellantis North America COO Mark Stewart and Antonio Gamez Galaz.
The Fisher mansion bought final week for $4.9 million, the highest dwelling sale within the metropolis’s historical past. Stewart and Gamez Galaz purchased the Palmer Woods dwelling from Dan Ammann, the previous Normal Motors Co. govt and Cruise CEO. Amman was dismissed from the function in December over disagreements over the route of the robotaxi startup.
In a press release, a Stellantis spokesperson mentioned Stewart and Gamez Galaz mentioned they had been proud to be the house’s new homeowners.
“They’ve lengthy been keen about its structure and are excited to change into a part of town’s renaissance by making Detroit their dwelling,” the assertion mentioned. “They look ahead to preserving this piece of automotive historical past for years to come back.”
The mansion at 1771 Balmoral Dr. north of West Seven Mile Highway and west of Woodward Avenue, was constructed for Alma and Alfred Fisher, then one of many homeowners of the Fisher Physique Co., which made automobile our bodies.
Alex Chapman, an affiliate dealer at Signature Sotheby’s who represented Stewart and Gamez Galaz mentioned they admire Detroit historical past, love structure and need to be extra concerned within the metropolis’s revival by the acquisition.
Chapman mentioned they had been impressed by the work Ammann had completed so as to add air-con, improve electrical work and plumbing and but maintain the home in its pure state. The work Ammann put into the home “positively exhibits,” he mentioned.
“It is simply actually properly completed,” Chapman mentioned.
Stewart has been with Stellantis since December 2018, again when it was nonetheless FCA. Previous to that, he hung out with Amazon and ZF Group, the place he labored in each Shanghai, China and Livonia.
He has an engineering diploma from Vanderbilt College and an MBA from the College of Tennessee, Knoxville.
Stewart spoke at Crain’s Detroit Homecoming VI occasion in 2019 the place he mentioned the automaker’s breakneck deal to carry the primary new car meeting plant to Detroit since Chrysler’s Jefferson North Meeting Plant opened in 1992.
“It was about the perfect 60 days we ever invested in,” Stewart mentioned.