Dan Gilbert Unveils The Future Of Downtown Parking Garages
Quicken Loans founder and Chairman Gilbert announced through his development arm Rock Ventures it will build a 1,300-space parking garage with 33,000-square feet of retail space in downtown Detroit.
That amount of retail space on the ground floor of the garage would translate into roughly 10 to 20 new stores, depending on how much space each one takes. No retailers have been identified yet. Also featured on the new structure: original artwork.
Coming on top of the Whole Foods grocery store under construction in Midtown and the rising number of coffee shops, restaurants, and temporary or “pop-up” retail stores on Woodward, the downtown and Midtown scene shows clear evidence of a retail revival, although with a long way still to go, writes John Gallagher in the Free Press.
Construction on Gilbert’s 535,000 square-foot Z-shaped retail and parking development is expected to start this month and take a year to complete. The structure will zigzag from the corner of Broadway and East Grand River to the corner of Library and Gratiot, occupying what is now a surface parking lot.