Gilbert's Hudson's Site Expected to Fetch Highest Rents in Detroit

Rental rates in Detroit's Midtown, Corktown, downtown and Eastern Market aren't cheap these days. 

And it appears things will only get more expensive.

Dan Gilbert's planned Hudson's site project on Woodward Avenue is expected to be the tallest building in Detroit and fetch the highest retail and apartment rental rates in the city, reports John Gallagher of the Detroit Free Press. 

Jim Ketai, CEO of Gilbert's Bedrock real estate arm, and Dan Mullen, Bedrock president, told the Freep Wednesday at the Mackinac Policy Conference that apartment rents at the planned tower at the Hudson's site could top $3 per square foot, compared to about the current $2 for new projects.