Dan Gilbert’s Bedrock Real Estate Services, which has been gobbling up downtown buildings in recent years, has sold its first downtown building to auto supplier Lear Corp., the Detroit News reports.
Lear is setting up a design studio in Capitol Park in the heart of downtown, a slice of the city that was not so-long ago considered a sketchy neighborhood.
Louis Aguilar of the Detroit News reports:
The sale of the long-empty building and the promise of 150 jobs to downtown was praised by city and business leaders at the Monday morning unveiling at 119 State. The six-story structure was originally the home of Brown Brothers Tobacco Co.
The planned Lear Innovation and Design Center is a business victory for a city that sorely needs jobs, said Mayor Mike Duggan at the Monday announcement. Construction is expected to begin soon and the studio should be open in 2016.
