Crain's: Main Tenant In Proposed Downtown Building Is Meridian Health Care

Detroit-based Meridian Health Plan is expected to be the sole tenant in the 320,000-square-foot new Detroit office tower proposed by Livonia-based Schostak Bros. & Co., Kirk Pinho reports in Crain's Detroit Business.

"The company has signed a letter of intent for a lease of about 300,000 square feet of space in the $111-million, 16-story building under review for $27 million in tax incentives by the Detroit Brownfield Redevelopment Authority board."

"The company, which currently has about 620 employees in two downtown offices, would move into the building in early 2017, Cotton said. By that time, the company expects to have 1,050 employees in Detroit. Meridian initiated the new building project, and hired Schostak as the developer."