Five years after Dan Gilbert uprooted his online mortgage company from the Detroit suburbs to the troubled city, one of the most prominent players in redeveloping downtown says the deals and dirt-digging will continue.
Gilbert said he plans to add to the 78 properties he owns or controls, likely by building office and residential towers and additional acquisitions. The majority owner of the NBA’s Cleveland Cavaliers added a contemporary design for a building on the now-cleared Hudson’s site should be finalized this year, according to a story published Sunday in the Detroit Free Press.
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Time line of Dan Gilbert’s developments
Over the past five years Quicken Loans founder Dan Gilbert has produced a steady stream of headlines with his real estate deals. Detroit Free Press brings a timeline of the main events going back to his first move downtown:
It start in November 2007 when Gilbert first announces he will move his headquarters from the suburbs to downtown Detroit. The Great Recession delays the move.
August 2010 – Gilbert’s Quicken Loans and five related companies move 1, 700 workers into the Compuware building in downtown Detroit. The number of downtown employees of Quicken and its related firms will swell to more than 12, 000 over five years.
May 2015 – Gilbert and Mayor Mike Duggan announce the Brush Park development, in which Bedrock will renovate four historic mansions and build at least 300 new residential units on an 8.4-acre site in the historic district. Also, Bedrock buys the historic David Stott skyscraper and buys the naming rights for the M-1 Rail streetcar line.
Read the full story at Detroit Free Press
Dan Gilbert
Dan Gilbert, founder of the largest online
mortgage lender in the U.S., has rejected
allegations that his company cost the
American government millions of dollars
through faulty lending practices in recent
Despite the fact that Quicken Loans’ founder
Dan Gilbert’s development projects in Detroit
have been prodigious, he said the Detroit
restructuring is “still in its infancy, ” according
to More…
Billionaire businessman Dan Gilbert has
plans for a development in downtown Detroit.
His Bedrock Real Estate Services is proposing
a new development to be located at Eight Mile
Road and Woodward Avenue. In the More…
Dan Gilbert is determined to get his beloved
Detroit up to speed, and making sure the city
has fast internet is one way to do it. The
entrepreneur and owner of Rocket Ventures
announced on Twitter on February More…
Provision of public money to Cleveland’s
NBA team for arena upgrade would be betrayal
of public trust. The NBA’s Cleveland Cavaliers
and its owner Dan Gilbert intend to request public funds to help pay More…
Dan Gilbert, the founder of mortgage lender
Quicken Loans who has helped revitalize the
city of Detroit with investment of over $1 billion
in real estate, is looking to develop a new piece
of property in the city. Gilbert More…
Dan Gilbert‘s Bedrock Real Estate Services
purchased the State Savings’ bank in Detroit,
which is more than a century old, and there is
talk that Gilbert plans to transform it into a
A city just emerging from bankruptcy, with a
high rate of unemployment will soon house an
office for a high-end luxury magazine. Dan Gilbert,
founder of Quicken Loans and Rockbridge Growth
Equity group, has acquired More…
Dan Gilbert, Quicken Loans founder and
chairman, just purchased another property in
downtown Detroit. The property is 1250 Griswold
between Grand River Avenue and State Street and
is an 8, 700 square foot structure, More…
Dan Gilbert of QuickenLoans and Rock
Ventures and Berkshire Hathaway’s Warren
Buffett, representing a combined $73 billion,
sat down onstage for a chat at the College for
Creative Studies in More…
