{"id":1004051591,"date":"2011-11-06T14:27:32","date_gmt":"2011-11-06T22:27:32","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=23123"},"modified":"2022-12-08T20:20:36","modified_gmt":"2022-12-09T04:20:36","slug":"gilbert-asks-for-15-year-extension-of-renaissance-zone","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/","title":{"rendered":"Gilbert Asks for 15-Year Extension of Renaissance Zone"},"content":{"rendered":"<p style=\"text-align: justify\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify\">It\u2019s no news that Quicken Loans founder Dan Gilbert, Detroit\u2019s prominent real estate investor, is in a buying and rehabbing spree. Already the owner or more than five office buildings in the city\u2019s financial district, Gilbert is now asking for a 15-year extension of a renaissance zone\u2014i.e. an area that\u2019s free of almost all local and federal taxes for the businesses within the site\u2019s boundaries\u2014for a Downtown property where the former J.L. Hudson Co. department store used to be.<\/p>\n<p style=\"text-align: justify\">According <em>to Crain\u2019s Detroit Business<\/em>, the renaissance zone designation will expire in 2017 but Gilbert and his real estate group, Bedrock Management, decided to ask for this extension so that the site\u2019s redevelopment would go on smoothly over the next years.<\/p>\n<p style=\"text-align: justify\">The Hudson site should have become headquarters for Quicken Loans back in 2007 when Gilbert decided to relocate the operation in Detroit. However, when the economic crash first hit the city, he chose the Compuware Building as headquarters for his company. The nearby Hudson property could be transformed into a mixed-use development that would include loft-style apartments and retail space. As pointed out <em>by Free Press Detroit<\/em>, the investor hasn\u2019t yet made a final decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nIt\u2019s no news that Quicken Loans founder Dan Gilbert, Detroit\u2019s prominent real estate investor, is in a buying and rehabbing spree. Already the owner or more than five office buildings in the city\u2019s financial district, Gilbert [&#8230;]<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[],"class_list":["post-1004051591","post","type-post","status-publish","format-standard","hentry","category-detroit","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gilbert Asks for 15-Year Extension of Renaissance Zone - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gilbert Asks for 15-Year Extension of Renaissance Zone\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor It\u2019s no news that Quicken Loans founder Dan Gilbert, Detroit\u2019s prominent real estate investor, is in a buying and rehabbing spree. Already the owner or more than five office buildings in the city\u2019s financial district, Gilbert [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-06T22:27:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:20:36+00:00\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/\",\"name\":\"Gilbert Asks for 15-Year Extension of Renaissance Zone - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"datePublished\":\"2011-11-06T22:27:32+00:00\",\"dateModified\":\"2022-12-09T04:20:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gilbert-asks-for-15-year-extension-of-renaissance-zone\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gilbert Asks for 15-Year Extension of Renaissance Zone\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. 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