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Old Posted Mar 19, 2017, 5:32 AM
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Sources: Gilbert renews talks of new office addition to One Campus Martius
By Kirk Pinho, Crain's Detroit Business
March 15, 2017

Quote:
Dan Gilbert's team has had serious conversations within the last two months about a building large addition behind its One Campus Martius headquarters building downtown, Crain's has learned.

One source said the addition, if built, would be about 250,000 square feet behind the 1 million-square-foot building originally built for Peter Karmanos' Compuware Corp. Discussions about adding to the building have taken place in the past, including under Compuware ownership, but this appears to be a fresh round of talks.

Two other sources with knowledge of the talks confirmed they have taken place recently.

A spokeswoman for Gilbert's Bedrock LLC declined comment Wednesday afternoon.

"We cannot comment on rumors and speculation," said Whitney Eichinger, director of communications for Gilbert's Detroit-based real estate company.
One Campus Martius, located at 1050 Woodward Ave., has an almost "W"-shaped design, spread across 15 stories of office and retail space, although there is a northern section that is just three stories tall that could potentially accomodate more space.

For months Gilbert, the founder and chairman of Quicken Loans Inc. and Rock Ventures LLC, has talked about the need for new office space downtown, where he is arguably the central business district's most powerful and influential landlord. While there are vacant buildings, there are few large blocks of contiguous space available.

It's not known what would happen to the two massive murals that Bedrock curated over the last two years on the northern sides of One Campus Martius.
The Shepard Fairey mural was completed in May 2015; the artists How and Nosm (brothers Raoul and Davide Perre) completed the other mural in April.
Gilbert, also the owner of the Cleveland Cavaliers, has been the most active real estate developer in downtown Detroit the last several years.
Read the full article here.
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