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Dan Gilbert's Bedrock Real Estate Services has received approval for $1 million in state loan to convert a vacant Capitol Park building in downtown Detroit into 5,500 square feet of first-floor retail space and 25 residential units, Crain's Detroit Business reports.
The project at 1215 Griswold St. is expected to create create 16 jobs, the Gilbert folks say in a memo to the Michigan Strategic Fund board, which approved the Michigan Community Revitalization Program performance-based loan announced Wednesday.
It's Bedrock's first support from the Michigan Strategic Fund.
