downtown detroit

Downtown Detroit boosters share vision for 2016

Sarah Cwiek — Thu, 18 Apr 2013 00:42:41 +0000

Exciting things are happening in downtown Detroit, and there’s a plan to keep up the positive momentum.

That’s the scenario the Downtown Detroit Partnership laid out at its annual lunch Wednesday.

The DDP outlined its vision for a dense, vibrant downtown Detroit of 2016.

The group is made up some of Detroit’s biggest business leaders. They’re putting money behind incentive programs and other projects to draw more residents and employees downtown.

New York investment firm offers to buy Compuware for $2.3 billion

Michigan Radio Newsroom — Mon, 17 Dec 2012 20:54:50 +0000

A New York-based hedge fund said Monday that it wants to buy Compuware, Michigan’s largest technology company.

Elliott Management Corp. has offered to buy the company for $2.3 billion at $11-a-share. Elliott currently owns 8 percent of the Detroit-based software company.

The Detroit Free Press has more:

Ilitch company proposes $650 million hockey arena, entertainment complex

Michigan Radio Newsroom — Tue, 04 Dec 2012 22:06:31 +0000

The Detroit Red Wings could have a new home if Mike Ilitch’s Olympia Development Company gets its way.

Officials from the company spoke to state lawmakers today, outlining a new $650 million complex in Downtown Detroit featuring shopping, apartments, offices and entertainment -- and a new home for the Red Wings.

Quicken Loans closes deal on downtown Detroit building

Sarah Hulett — Thu, 07 Apr 2011 19:21:12 +0000

Quicken Loans has completed the purchase of the 14-story Chase Tower in downtown Detroit. The deal will allow the company to move the remainder of its workforce from the suburbs to downtown Detroit.

When the move is complete, about 4,000 employees of Quicken and its related companies will work downtown.

The Chase Tower sits just south of the Compuware Building on the other side of Campus Martius Park, where Quicken moved about 1,700 of its employees last year.

The move downtown is part of Quicken founder Dan Gilbert’s plan to help turn lower Woodward Avenue into a mecca for high-tech, Internet-based businesses.

Quicken is the nation’s largest online mortgage lender.

Plans for the Chase Tower include retail space on the first floor, and room for tenants who fit into Gilbert’s plan for a downtown Detroit technology hub.