'Beer stock market' concept planned for downtown Detroit


1258 Washington Blvd. - TOM PERKINS
  • Tom Perkins
  • 1258 Washington Blvd.

The owners of the Kalamazoo Beer Exchange — a beer stock market concept — are planning a new location in downtown Detroit.

The bar is planned for the ground floor of the Stevens Building at 1258 Washington Blvd., which currently holds affordable senior housing, Crain's reports.

The beer exchange concept means prices of tap beers (of which the Kalamazoo Beer Exchange has 28) will fluctuate based on demand — the more customers drink of a certain beer, the more prices increase, as that's how the law of supply and demand and the stock market work. A "stock market crash" means beer is cheap for five minutes.

The Kalamazoo location also serves food, and a similar concept called the Dow Beer Exchange opened in 2017 in the back of Dick O'Dow's in downtown Birmingham.

So many restaurants, so little time. Find out the latest Detroit dining news with our weekly food newsletter delivered every Friday morning.

We welcome readers to submit letters regarding articles and content in Detroit Metro Times. Letters should be a minimum of 150 words, refer to content that has appeared on Detroit Metro Times, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at [email protected].

Support Local Journalism.
Join the Detroit Metro Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Metro Times Press Club for as little as $5 a month.