THE CHANGING FACE OF DETROIT

THE CHANGING FACE OF DETROIT

Detroit has come a long way over the past 7 years but the Motor City has not stopped growing and moving forward and is constantly changing for the better. After detailed renderings were released for Gilbert’s latest project, images of a new 35-story office tower began popping up in public media. The tower is part of the Bedrock Detroit project, which is scheduled to begin construction in 2018 at the cost of $800 million.

The project will convert an essentially vacant two-square block area into a useable office and residential space.

The recent renderings of Gilbert’s plans for the project are not the first to be released for public consumption. The previous edition of the drawings depicted a 20-story tower, but alterations have clearly been made to the project as the plans currently display a 35-story tower in its place.

At last mention, the project is scheduled to contain 818,000 square feet of office space, 170,000 square feet of retail space, and 482 residential units—making it an all-inclusive facility.

Detroit’s first high-rise office tower in a generation with over 480 residential units, full of public spaces and pedestrian walkways,” explained recent statements released from the Bedrock Project administration.

As well as the retail, office, and residential space already allotted, the project is said to contain an additional 48,000 square feet that will be deemed for public use.

“We are going to focus a ton of thought around public space at the Monroe site,” said Gilbert. “You’re going to see a ton of public space and public amenities within the development.”
According to statements made by Gilbert in recent weeks, the project will involve tall ceilings and provide access to sunlight that has been unparalleled in Detroit before.

Currently, the site is being utilised as a temporary skate park called Wayfinding. This is scheduled to be torn down in January of 2018 so that Bedrock’s construction can begin.

The project is slated for a finish date of 2022.

Detroit still offers an incredible investment opportunity for local and foreign investors looking for turn key opportunities.

Global Investments incorporated haver sold more properties in Detroit than any other overseas company.

“ We are still sourcing excellent opportunities in Detroit for our investors but of course as news like this comes out suppliers will start increasing prices as the city gets stronger and stronger so now is a great time for investors to get involved and take advantage of these turn key opportunities in a vibrant and growing marketplace. “ Mike Moodie. – CEO. Global Investments Incorporated.

For more information on Detroit and opportunities that Global Investments Incorporated can provide please email Mike or any of his team at invest@globalinvestmentsincorporated.com

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