Detroit, MI (PRWEB) January 30, 2012
Rock Ventures LLC, an entity umbrella to provide operational coordination and integration of Gilbert and a portfolio of companies, and real estate investments, today announced that it will close on the purchase Detroits historic center of the Federal Reserve Building, a 176,000 square foot building that has sat vacant since 2004
.
Dan Gilbert, President and Founder of Quicken Loans and majority owner of the Cleveland Cavaliers NBAS, made the announcement to the media m @ Dishon building, a center of creative entrepreneurship and technology company committed to WEBward Avenue, digital and web corridor centered growth and activity. The building, now fully occupied with colorful entrepreneurs in the city, has undergone a $ 12 million renovation, a mixture of state-of-the-art facility with many original features of the structure of 1917
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Today we launched our
m @ Dishon building, showing all the possible time fuse passion and creativity, says Gilbert, who bought most of the vacant building, located within walking distance from Grand Circus Park and the city’s sports facilities in early 2011.
We also started 2012 with the purchase of the Federal Reserve Detroits historic buildings. We are very excited to go to work and maintain the momentum we have built
.
Located at 160 W.
Fort Street, the building of the Federal Reserve was built in 1927 as a Classic Revival style complex. In 1951, an eight-story glass and marble attachments to be added to the building. Federal Reserve Bank moved to new premises in 2004, leaving the Fort Street property is empty. In a year’s time Gilbert Stone Ventures has acquired nine buildings, three parking structures and parking in downtown Detroits technology district development. Properties account for nearly 2.1 million square feet of office space and 3,500 parking spaces. Today’s announcement is a good start to what appears to be a very busy and exciting, said Matt Cullen, Chief Executive Officer of Rock Ventures. We have a number of properties in our portfolio that we will work to renew and fill with the creation of jobs in business, while keeping a close eye on the market and make an additional purchase of the building where it makes sense.
In addition to the Federal Reserve and
M @ Dishon Building, Gilbert and Joint Rock has used their real estate boom, real estate services Bedrock, and bought the building as follows:
Chase Tower: Located in the heart of Detroits Central Business District, Chase Tower is a short walk from Campus Martius Park. Built in 1959, 505,000 square meters, 14 floors was acquired in April. Renovations done to the building, which became home to more than 1,500 members of the team Quicken Loans in the month of October 2011.
First National Building
: stretching the entire city block, the Albert Kahn designed the building was acquired by First National Gilbert in August 2011. Built in 1922, 800,000 square feet building is currently experiencing a significant improvement. The anchor tenants include the law firm of Honigman, Miller Schwartz and Cohn, as well as the United Way of Southeastern Michigan.
Building
Dime: In August, Gilbert also bought Dime Building. Built in 1912 and designed by renowned architect Daniel Burnham in the world, the building has more than 350,000 square feet of offices in 23 stories. The building is undergoing extensive restructuring in 2002 and is home to Ameriprise and several other companies.
Wright-Kay Building: Located at 1500 Woodward Avenue, Kay Wright is one of the old municipal building of the Detroits, built in 1891. The six-storey sandstone is programmed to offer a street-level retail with office or residential units on upper floors.
Lane Bryant Building: Built in 1917, Lane Bryant building has approximately 45,000 square feet of space. Once renovated, will house retail on the ground floor and upper floor office space. Lane Bryant Building is located at 1520 Woodward Avenue.
Art League Building Michigan: Offering more than 43,000 square feet in six stories, Art League of Michigan building will undergo a major renovation and offers a mix of retail and office space
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Woodward 1550: The 4000 sq m one-story building will house a new restaurant or a retail street
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About Stone
Ventures LLC:
Rock Ventures LLC is an entity established to provide operational coordination umbrella, orientation and integration of Gilbert and a portfolio of companies, investments and real estate.
About Quicken Loans Inc.
:
Quicken Loans Inc. is the largest online home lender nations and five large retail banks. The company closed a record $ 30 billion of sales home loan in all 50 states in 2011. Quicken Loans loan led to the production of five centers located in Detroit Web, Ohio and Arizona. The company also operates a centralized loan processing facility in Detroit and San Diego Mortgage, a unit of research. Quicken Loans ranked # 1 in customer satisfaction among all mortgage lender in the United States by JD Power and Associates in 2010 and 2011. QuickenLoans.com has been named Best of the Web by Forbes and Money magazines. Companies ranked in the Top 10 magazine FORTUNE 100 Best Companies to Work For 2012 and was placed among the Top 30 companies on the list of goods over the past nine years. It ranks in the Top 15-magazine Computerworld 100 Best Places to Work in the technology for seven consecutive years.
Quicken Loans named # 1 in Detroit Free Press Best Places to work in the List of Michigan in 2010 and 2011. The company moved its headquarters and 3700 more than 5,000 team members to downtown Detroit. 1000 Other team members are required to pass through the center of Detroit in mid 2012. For more information about Quicken Loans, please visit our website at http://www.quickenloans.com on Twitter at @ QLnews, and on Facebook at http://www.facebook.com/ QuickenLoans.
Bedrock Real Estate Services About
:
Bedrock Real Estate Services LLC, is a full-service asset management company, specializing in financing the purchase, leasing, development and management of commercial space. The company is a partnership between Quicken Loans Founder and Chairman Dan Gilbert and veteran real estate developer Jim Keta. The company has headquarters in downtown Detroit. For more information, visit http://www.bedrockmgt.com.
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