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Detroit Development Could Bring 15,000 Construction Jobs

Dan Gilbert, founder of Quicken Loans, unveiled plans on Wednesday for a $2.1 billion development of four buildings that will eventually create 24,000 temporary and permanent jobs in the city.

September 21, 2017
Plans were unveiled for a $2.1 billion development of four buildings in Detroit.

The Detroit Free Press says Dan Gilbert, founder of Quicken Loans, unveiled plans on Wednesday for a $2.1 billion development of four buildings that will eventually create 24,000 temporary and permanent jobs in the city.

The four building developments — most of which were previously announced — include:

  • The Book Tower restoration
  • A new skyscraper on the former Hudson's department store site
  • A 35-story tower to be built on the Monroe block in downtown
  • A building addition to One Campus Martius, the downtown structure formerly known as the Compuware Building

Together, the projects are expected to take about five years to complete and add 3.2 million square feet of office, retail and residential space. "It's an optimistic time," Gilbert said. "It's an environment, a culture, where we can do great things. We're just starting. We're just scratching the surface. We have to start things big. We have to make up for several decades."

The projects are expected to be the first in Michigan to make use of new development and redevelopment incentives approved by the state Legislature this year.

Read more about Gilbert's plans and see photos of his current restoration of The Book Tower here:

p.s. he's thinking Amazon HQ2, too.

image: Rock Ventures

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