Quicken looks at 2 spots for eventual new downtown building
Louis Aguilar / The Detroit News
The sites where Quicken Loans Inc. may eventually build its downtown Detroit headquarters have been narrowed to a pair of Woodward Avenue locations: The place where the old J.L. Hudson's department store once stood or what's commonly referred to as the Monroe block, a Quicken official said Monday morning.
That's somewhat different from the sites Quicken was offered two years ago to build a new headquarters. The Hudson's site was an option, but the 1.9-acre city-owned parcel on the corner of Woodward and Monroe is new. Gone is the option of building on the former Statler Hotel site on Washington Boulevard across from Grand Circus Park, said Quicken spokeswoman Jennifer Kulczycki.
Details of the city and state tax incentives are still being finalized for the online mortgage company's initial move to the Compuware Corp. headquarters in Campus Martius downtown. That deal will likely be a five-year lease for four floors in Compuware that will bring about 1,700 workers from Livonia to downtown. Tuesday, the board of the Michigan Economic Growth Authority is expected to approve a package of incentives for the Quicken move.
Quicken still intends to build a new building, though no timeline has been given. Based on the two potential sites, the new Quicken building would be located within a block of the Compuware building.
The Monroe Block was last proposed as potential site for a $150 million project called the Cadillac Centre, an office, retail and upscale condo project. That project, which was unveiled last year, died quickly.
laguilar@detnews.com (313) 222-2760