Gilbert keeps buying: One Woodward tower now his - My29 WFTC Minneapolis-St. Paul

Gilbert keeps buying: One Woodward tower now his

Posted: Updated:

DETROIT (AP) -- Quicken Loans chief Dan Gilbert says his business umbrella company is buying downtown Detroit's 26-story One Woodward building as he continues to expand his real estate holdings in the area.

The 333,000-square-foot building is in the heart of the city's central business district near the Coleman Young Municipal Center. It was designed by World Trade Center architect Minoru Yamasaki and opened in 1962.

Gilbert says the building is about 60 percent occupied and says that will rise to 90 percent in January when Quicken Loans and related businesses lease eight floors. He didn't disclose the purchase price.

Since January 2011, Gilbert's Rock Ventures has bought 10 buildings with about 2.5 million square feet of office space, as well as two parking garages with 3,500 spaces.

  • Local NewsLocal NewsMore>>

  • Evan Reed arraigned on sexual assault charges

    Evan Reed arraigned on sexual assault charges

    Thursday, July 31 2014 2:21 PM EDT2014-07-31 18:21:35 GMT
    Minor league pitcher Evan Reed has been arraigned on charges of sexually assaulting a woman at a downtown Detroit hotel.
    Minor league pitcher Evan Reed has been arraigned on charges of sexually assaulting a woman at a downtown Detroit hotel.
  • Two in custody on drug charges after search connected to Armada teen's murder

    Two in custody on drug charges after search connected to Armada teen's murder

    Thursday, July 31 2014 12:17 PM EDT2014-07-31 16:17:30 GMT
    The FBI and state police were at a home on Marquette Road in Goodells, Mich. most of Wednesday executing an investigative search warrant related to the murder of 14-year-old April Millsap.
    The FBI and state police were at a home on Marquette Road in Goodells, Mich. most of Wednesday executing an investigative search warrant related to the murder of 14-year-old April Millsap.
  • 24-year-old women is $66 million jackpot winner

    24-year-old women is $66 million jackpot winner

    Thursday, July 31 2014 11:26 AM EDT2014-07-31 15:26:09 GMT
    The Michigan Lottery says a Port Huron woman is the winner of a $66 million Mega Millions jackpot that was drawn in mid-June.Kelsey Zachow says in a statement that she "could barely breathe" when she learned she was the winner.
    The Michigan Lottery says a Port Huron woman is the winner of a $66 million Mega Millions jackpot that was drawn in mid-June.Kelsey Zachow says in a statement that she "could barely breathe" when she learned she was the winner.
Powered by WorldNow

WFTC-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices