"For the first time in nearly half a century, the city of Detroit has a major new addition to its skyline. Hudson's is a $1.4 billion ground-up downtown development of two buildings covering more than 1.5 million square feet, including residential, office, hotel, retail and event space. It's a large-scale argument that for all of the city's troubles-from its precipitous population decline to its high poverty levels to its rock bottom 2013 municipal bankruptcy-the city has brighter days ahead."
"This assertion comes from Bedrock, the real estate arm of billionaire Dan Gilbert, who has almost single handedly breathed life into the city's downtown core through a decade and a half of strategic building renovations, adaptations, and historic restorations that have brought both jobs and residents back. Today there are nearly 6,000 residents in the core of downtown Detroit, up from about 4,400 in early 2019."
Hudson's is a $1.4 billion, ground-up, mixed-use development of two downtown Detroit buildings totaling more than 1.5 million square feet, including residential, office, hotel, retail, and event space. The project represents a major new addition to the city's skyline and a signal of confidence in downtown Detroit's future despite prior population decline, high poverty, and the 2013 municipal bankruptcy. Bedrock, the real estate arm of Dan Gilbert, has driven extensive downtown investment through renovations, adaptations, and historic restorations over the past decade and a half. Downtown residency has risen to nearly 6,000 from about 4,400 in early 2019.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]