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Detroit businessman Dan Gilbert eye trained on more buying, building

Dan Gilbert

 

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.

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

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

More…

Dan Gilbert

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…

Dan Gilbert

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…

rocket-fiber-quicken-loans-dan-gilbert-

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…

Dan Gilbert

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…

Chrysler Announces Expansion Of Car Manufacturer's Commitment To Detroit

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

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

More…

Dan Gilbert

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…

1250 Griswold

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 Warren Buffett

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…

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