View Single Post
  #4712  
Old Posted Apr 28, 2018, 1:27 PM
Docta_Love's Avatar
Docta_Love Docta_Love is offline
Registered User
 
Join Date: May 2012
Location: Metropolitan Detroit
Posts: 712
Quote:
Ford begins forging a Corktown campus

By KIRK PINHO
Crain's Detroit Business
April 28, 2018



-Automaker linked to nearly 50 Corktown properties
-Announcement on train station targeted for next month
-Automaker also re-evaluating Dearborn campus transformation plan

With the abandoned Michigan Central Station as the campus' anchor, Ford is also nearing deals to buy properties ranging from small retail buildings and slivers of land to large warehouses, according to a half-dozen sources who have been briefed on the discussions with property owners.

The Dearborn-based automotive giant, which employs 48,000 in Michigan, is expected to reveal its intention to buy and redevelop the dilapidated Michigan Central Station in Corktown next month, according to four other sources familiar with the campus discussions.

An announcement of what could be the most transformational Detroit development plan in more than a decade may come May 10, one of the sources said. The other sources were unable to verify that date, which is also when Ford's annual shareholder meeting is slated to begin at 8:30 a.m., but did say that next month is the target.

The project is not set in stone. The Moroun family, which has owned the train station for decades and some of the other properties folded into the plan, are known as tough negotiators, meaning the discussions could collapse and the depot could remain in the family's hands.

Ford already has revealed its intent to occupy The Factory at Corktown on Michigan Avenue and put 220 autonomous/electric vehicle workers in the 45,000-square-foot building. But close to 50 properties, including the train station and small vacant lots, have been linked to Ford in the five weeks since Crain's first reported the company's discussions with the Moroun family.
http://www.crainsdetroit.com/article...orktown-campus


Quote:
LinkedIn to open larger Detroit office in historic Sanders building

By KURT NAGL
Crain's Detroit Business
April 27, 2018

-It's LinkedIn's first new U.S. office in 10 years
-Renovations underway; planned opening within the year
-Company has been operating temporarily out of downtown WeWork space



LinkedIn is laying down permanent roots in Detroit and moving its team of 40 from a temporary space into the historic Sanders building for its first new U.S. office in 10 years.

The Silicon Valley-based social media company has been operating in the downtown WeWork space since October and has been looking for a larger space in the city all the while. It decided on the 74,500-square-foot building at at 1523 Woodward Ave., owned by Bedrock LLC.

Renovations are underway and the company plans to open its new office within the next year, according to a post on its website.

UBS Group AG's U.S. and Canadian wealth management business, New Jersey-based UBS Wealth Management Americas, plans to lease 13,000 square feet on the connected sixth floors of neighboring buildings at 1515 Woodward Ave. and 1529 Woodward Ave.The two buildings built around 1900 are owned by Detroit-based Bedrock LLC and are undergoing renovations, said John Bush, 60, Michigan market head for UBS Wealth Management Americas.
http://www.crainsdetroit.com/article...nders-building
__________________
“Mike, you got it? No f**king crazy talk from anybody in the administration.” (Trump to Pence on the eve of the US - DPRK Hanoi summit)

Says the pot to the kettle in a moment of self projection
Reply With Quote