{"id":1004057003,"date":"2013-01-02T08:31:16","date_gmt":"2013-01-02T16:31:16","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=90472"},"modified":"2022-12-07T19:50:27","modified_gmt":"2022-12-08T03:50:27","slug":"five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/","title":{"rendered":"Five Downtown Detroit Buildings Add to Dan Gilbert\u2019s Real Estate Portfolio"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Two weeks after completing the purchase of <strong><a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/detroit\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\">One Woodward Building<\/a>\u2014<\/strong>a 26-story Class A office tower at the corner of Woodward and Jefferson avenues in downtown Detroit\u2014Dan Gilbert\u2019s Rock Ventures announced five additional acquisitions that were brokered by the company\u2019s real estate arm, Bedrock Real Estate Services.<\/p>\n<p style=\"text-align: justify\">With these newly acquired assets, which are also located on Woodward Avenue, Rock Ventures\u2019 real estate investments in downtown Detroit account for 15 buildings totaling 2.6 million square feet of commercial space, as well as three garages with 3,500 parking spaces, according to a press statement from the company.<\/p>\n<p style=\"text-align: justify\">\u201cIt has been an exciting year of opportunity in Detroit,\u201d said Dan Gilbert, founder and chairman of Rock Ventures and Quicken Loans, who added that the focus in 2013 will fall on residential, rail and retail properties.<\/p>\n<p style=\"text-align: justify\">Dan Gilbert\u2019s investment spree in Detroit properties began in August 2010, when Quicken Loans moved its headquarters in the city\u2019s Financial District and relocated 1,700 employees. To date, Gilbert\u2019s portfolio of companies has moved more than 7,000 people to work in downtown Detroit.<\/p>\n<p style=\"text-align: justify\">The new acquisitions are:<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>1201 Woodward<\/strong> (known as the <strong>Kresge Building<\/strong>), a nine-story, \u00a054,000-square-foot structure built in 1891 to house the former Kresge store. The building will be renovated to offer first floor retail space and office or residential space on the upper floors.<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>1217 Woodward<\/strong>, a five-story, 30,000-square-foot building located immediately north of the Kresge Building. After renovation, it will provide retail space on the ground floor and office or residential space on the remaining floors.<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>1412<\/strong> <strong>Woodward<\/strong>, a vacant three-story asset that Rock Ventures plans to renovate to accommodate first floor retail and office space above.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-90473\" title=\"1301-Broadway\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>1301 Broadway <\/strong>(or the <strong>Cary Building Lofts &#8211; <\/strong>pictured at right), a 20,000-square-foot structure built in 1906 on the west corner of Gratiot Avenue and Broadway Street. After extensive renovations, the building will feature residential space on the top for flours and retail space on the ground floor.<\/p>\n<p style=\"text-align: justify\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>1521 Broadway<\/strong> (or the <strong>Small Plates Building<\/strong>), a five-story structure totaling 9,300 square feet on the west side of Broadway Street between John R and Witherell Street. The building features the Small Plates restaurant on the first floor and four residential loft apartments above.<\/p>\n<p style=\"text-align: justify\"><em>\u00a0Image courtesy of Quicken Loans, Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two weeks after completing the purchase of One Woodward Building &ndash; a 26-story Class A office tower at the corner of Woodward and Jefferson avenues in downtown Detroit &ndash; Dan Gilbert&rsquo;s Rock Ventures announced five additional acquisitions that were brokered by the company&rsquo;s real estate arm, Bedrock Real Estate Services.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004057003","post","type-post","status-publish","format-standard","hentry","category-detroit","category-latest","tag-national"],"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>Five Downtown Detroit Buildings Add to Dan Gilbert\u2019s Real Estate Portfolio - 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\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Downtown Detroit Buildings Add to Dan Gilbert\u2019s Real Estate Portfolio\" \/>\n<meta property=\"og:description\" content=\"Two weeks after completing the purchase of One Woodward Building &ndash; a 26-story Class A office tower at the corner of Woodward and Jefferson avenues in downtown Detroit &ndash; Dan Gilbert&rsquo;s Rock Ventures announced five additional acquisitions that were brokered by the company&rsquo;s real estate arm, Bedrock Real Estate Services.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/\" \/>\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=\"2013-01-02T16:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T03:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\" \/>\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\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/\",\"name\":\"Five Downtown Detroit Buildings Add to Dan Gilbert\u2019s Real Estate Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\",\"datePublished\":\"2013-01-02T16:31:16+00:00\",\"dateModified\":\"2022-12-08T03:50:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/1301-Broadway.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/five-downtown-detroit-buildings-add-to-dan-gilberts-real-estate-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Five Downtown Detroit Buildings Add to Dan Gilbert\u2019s Real Estate Portfolio\"}]},{\"@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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