Bedrock Detroit, Dan Gilbert’s real estate arm, and General Motors may be looking to partner on riverfront development next to the GM Renaissance Center, according to The Detroit News.
The property, 10 acres worth, currently sits as surface parking, but Bedrock Detroit and GM’s Riverfront Holdings Inc. confirmed they are discussing redevelopment. The early stages of the plan imagine a mixed use of retail, residential and office space.
“We are still in early stages of planning and will release more details once we have finalized our planning,” according to a written statement released by Bedrock Friday.
The riverfront was originally a warehouse district during much of the 19th and 20th centuries. The RiverWalk was established as a pedestrian and bike path that more than 3 million people use every year. The proposed project also comes at a time when Detroit has entered a renaissance period, as more upscale living, retail and recreational spaces flock to the city.
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Gilbert has done much for Cleveland. Not only making the Cavs Champions but also fixing up much of down town with a lot of investment.
If anyone can save down town Detroit he can.