The groundbreaking for what will be Detroit's tallest skyscraper on the site of the old Hudson's building was held Thursday morning.
- Skyscraper on the site of old Detroit Hudson's will be tallest, cost $900M
- Dan Gilbert, Bedrock investing $2.1B in Detroit buildings, creating 24K jobs
Bedrock Founder and Chairman Dan Gilbert was on hand with Detroit Mayor Mike Duggan, Michigan Lt. Gov. Brian Calley, and other guests.
We're told the skyscraper will be around 800 feet tall. The city's current tallest building is the Renaissance Center at 727 feet tall.
The expected cost of the building is around $900 million and is part of the $2.1 billion Gilbert and Bedrock are investing in four separate projects in downtown Detroit.
There will be 1 million square feet of space in the building. The most will come for residential, which will have 425,000 square feet for 330-450 different units.
On top of that, there will be 240,000 square feet of office space, 90,000 feet of exhibition space, including Detroit's first observation skydeck, 100,000 square feet of retail space and 120,000 square feet of event space.
Part of the plan for the skyscraper is to attract the kind of businesses and tech businesses for the city. It will have open floor plates, lots of light and what he said is a lot of attraction from an architectural standpoint.
Another announced by Bedrock include the Monroe Block, which will cost more than $830 million. it will have 810,000 square feet of office space, 170,000 square feet of retail space, 482 residential apartments and at least 900 parking spaces.
Gilbert is also investing $313 million to rehabilitate the Book Tower, giving it nearly 320,000 square feet of space, and filling in the massive gap in the back of the One Campus Martius Building.