Who bought the UAW building in Detroit?
Dan Gilbert’s Bedrock
DETROIT — Dan Gilbert’s Bedrock has acquired The ICON, a 420,000-square-foot facility in Detroit that formerly served as the home of the UAW-GM training center. The purchase price was undisclosed, but the vacant property previously traded hands for $34 million in November 2020, according to Crain’s Detroit Business.
Who owns the icon in Detroit?
Bedrock, one of Detroit’s largest real estate developers, announced today it has acquired The Icon, a 420,000-square-foot multi-purpose development located at 200 Walker St.
What building did Dan Gilbert just buy?
Cadillac Tower
Dan Gilbert’s Bedrock has purchased Cadillac Tower. The firm said it finalized Tuesday the purchase of the 40-story skyscraper at 65 Cadillac Square. The price was not disclosed for the deal, which was first reported by Crain’s Detroit Business.
When was the Icon Detroit built?
The building first opened in 2001, but the property has been largely unseen by the public. “They didn’t know it existed when it was in operation because it was just for the GM-UAW folks,” Mario Moceri said. “They kept it as a private training center and now that we have it, we’re bringing it out to the public.”
What is TEDX Detroit?
TEDxDetroit presented by United Wholesale Mortgage, an annual gathering of the area’s leading thinkers, designers, entrepreneurs, educators, scientists, artists, and geeks, will return with a live event at The Icon Detroit.
Who owns Bedrock?
Dan Gilbert
Bedrock is owned by Dan Gilbert, who along with his wife, Jennifer, announced plans last week to invest $500 million in Detroit’s neighborhoods over the next decade.
Who bought downtown Detroit?
The Cadillac Tower’s sale is potentially the most significant purchase by Bedrock since 2015, when Gilbert bought the One Detroit Center skyscraper downtown for a price well above $100 million.
Who owns the most real estate in Detroit Michigan?
So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them.
How many buildings does bedrock own in Detroit?
100 properties
With a portfolio of more than 100 properties totaling over 18 million square feet, Bedrock is the largest real estate partner in downtown Detroit and also has a strong presence in Cleveland.
Who owns most real estate in Detroit?
Does Dan Gilbert live in Detroit?
Detroit: Mortgage City Dan Gilbert loves his hometown of Detroit. He loves it so much that the billionaire founder of what would eventually become the mortgage lender Quicken Loans has poured at least $2.5 billion into rehabilitating buildings in the heart of the city.
Who owns the most farmland in Michigan?
Michigan. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005.
Who owns the former UAW Training Center in Detroit?
Detroit-based Bedrock announced the purchase of the former UAW-GM training center in mid-December. The 18.2-acre property is comprised of an eight-story office tower, three-story conference center and three-story atrium lobby, as well as 880 parking spaces.
What happened to the GM training center along the Detroit Riverfront?
After getting caught up in a federal investigation into union corruption, the training center along the Detroit riverfront jointly owned by General Motors Co. and the United Auto Workers has been sold to two developers and will be renamed “The Icon.”
What is happening to the UAW-Ford National Program Center in Detroit?
The Detroit building housing the UAW-Ford National Program Center will continue to support training programs.
What’s going on with the GM training center?
As a part of labor negotiations last year, GM and the UAW agreed to sell the training center building and reform the organization itself into trust funds with more financial oversight of funds designated for skilling blue-collar workers.