Call him what you like: The Acquisition Man, The Pac-Man, the Man With a Plan.
Whatever it is, don't call him unambitious.
Dan Austin of the Detroit Free Press reports that Quicken Loans founder Dan Gilbert is acquiring one of the last vacant skyscrapers in downtown Detroit:
Sources told the Free Press that Gilbert is paying about $30 million for a three-building complex on Washington Boulevard that includes the 36-story Book Tower, the 17-story Book Building and a two-story building on State Street and the boulevard. That number is on par with the asking price Vancouver, British Columbia-based AKNO Properties had on the properties.
Bedrock plans to transform the buildings into "a game-changing, mixed-use development that will bring jobs, energy and new life to these properties while expanding revitalization efforts further west of Woodward Avenue to Washington Boulevard,” Bedrock told the Free Press in a statement.
“This project is going to be one of the most exciting redevelopments in our entire Detroit real estate portfolio,” Gilbert said in the statement. “We will bring this beautiful, world-class iconic landmark back to life in a manner that will make all Detroiters and visitors proud. We can’t wait to get started.”
