Today marks the first wave in a series of moves that will bring 2,500 more professionals to Detroit by early 2012. Some 1,500 Quicken Loans team members stepped foot into their new offices at the renovated Chase Tower Building located in the citys central business district, bringing the company one step closer to its goal of relocating all of its Michigan-based team members to downtown Detroit.
The relocating employees will join a brain force of 1,700 colleagues who moved from the suburbs to Detroit just 14 months ago when Quicken Loans and several sister companies moved their headquarters to the Compuware Building, situated at the foot of Campus Martius Park.
An additional 1,000 team members from several of Quicken Loans sister companies will move to downtown Detroit and occupy space in the Madison Theatre Building and First National Building when renovations on those two buildings are completed in November 2011 and early 2012, respectively.
Today marks the next step in the effort to transform downtown Detroit into a work, live and play epicenter where young professionals come to plant roots and grow their careers, said Dan Gilbert, Founder and Chairman of Quicken Loans, the nations largest online home lender. More and more people, investors and businesses are joining the initiative to build something very special here.
Gilbert acquired the 505,000 square foot, 14-story Chase Tower occupying a full city block on Woodward Avenue in April 2011, and immediately began renovating its interior to reflect the companys culture. Today, the building features bright neon-colored walls, open floor plans, and high-tech, collaborative meeting areas that encourage teamwork, communication and creativity.
Quicken Loans is a true asset to the City of Detroit, said Detroit Mayor Dave Bing. Their commitment to not only make the city their place to do business, but also provide the opportunity for other companies to do so as well shows that Detroit is once again attracting investment and jobs."
Along with Quicken Loans, J.P. Morgan Chase & Co. will continue to occupy parts of Chase Tower. The building will boast a world-class cafeteria, and the first floor will be redesigned and redeveloped to accommodate pedestrian-friendly retail space along Woodward Avenue.
We are extremely excited to have additional Quicken Loans team members joining us in Detroit, said Quicken Loans CEO Bill Emerson. The city is an amazing place to live, work and play with so many great restaurants and cultural gems to explore. There is never a shortage of things to do in Detroit. It is a great time to be in the D.
Bedrock Real Estate Services LLC, the partnership created to oversee the purchase, leasing, redevelopment, build-out, and overall management of Gilberts downtown real estate investments, supervised the redevelopment of the Chase Tower, Rossetti Architects designed Quicken Loans space, and Sachse Construction renovated it.
The new team members will be joining several sister companies already in Detroit:
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