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The New “Big Three” leads Detroit’s revitalization – Mayor Mike Duggan – Olympia Development of Michigan – Dan Gilbert

The Return of Excellence in Detroit – The New “Big Three” leads Detroit’s revitalization

Mayor Mike Duggan leads the way to Detroit’s Return of Excellence but in a new way, a way other than the Automotive industry. Mayor Mike Duggan is doing it with Technology, Creativity, the help of some of Detroit’s Giant’s, and a very different way of thinking.

The Future of Detroit is NOW…

Ilitch Family

Olympia Development of Michigan

Ilitches bet big on land near MotorCity Casino Hotel

Since the late 1980s, the Ilitches have invested more than $1 billion downtown

“The Ilitch activity certainly has sparked lots of interest,” “There’s a lot of potential for retail, housing and they have already demolished one building they purchased,”


Dan Gilbert

Rockbridge Growth Equity LLC 

Dan Gilbert, Home Depot to rehab 65 Detroit homes


Detroit initiatives

Quicken Loans moved its headquarters and 1,700 of its team members to downtown Detroit in August 2010, where Gilbert and the company are helping lead a revitalization of Detroit’s urban core. Today, Gilbert-owned businesses employ 11,500 people in the city.

In 2011, Gilbert’s Rock Ventures group purchased several buildings in downtown Detroit, including the historic Madison Theatre Building, Chase Tower and Two Detroit Center (parking garage),  Dime Building (renamed Chrysler House), First National Building and three smaller buildings on Woodward Avenue. In 2012, Rock Ventures (the umbrella entity formed to provide operational coordination, guidance and integration of Gilbert’s portfolio of companies, investments and real estate) purchased the former Federal Reserve Bank of Chicago Detroit Branch BuildingWoodward Avenue, 1201 Woodward (Kresge Building), and five smaller buildings on Woodward Avenue and Broadway Street, totaling 630,000 square feet of commercial space in downtown Detroit. In 2013, Rock Ventures purchased the 1001 Woodward office tower, several smaller buildings in the downtown area and announced, along with The Downtown Detroit Partnership and the Detroit Economic Growth Group, a placemaking plan for revitalizing Detroit’s urban core.

Rock Ventures’ downtown Detroit real estate investments include more than 60 properties (buildings and/or store fronts) totaling 9 million square feet. Four million square feet is commercial space; another 3.6 million square feet is parking (10,096 parking spaces).


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The New “Big Three” leads Detroit’s revitalization – Mayor Mike Duggan – Olympia Development of Michigan – Dan Gilbert