Dan Gilbert buys up more buildings in downtown Detroit
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By myFOXDetroit.com Staff
(Credit: WJBK | myFOXDetroit.com)Rock Ventures and Quicken Loans Chairman Dan Gilbert
DETROIT, Mich. (WJBK) -
The owner of Quicken Loans is quickly buying up property and changing the landscape in downtown Detroit.
On Tuesday Dan Gilbert's Rock Ventures LLC announced it had purchased five more buildings, increasing the company's downtown real estate investments to 15 buildings and 2.6 million square feet of commercial space.
The recent acquisitions include the nine-story Kresge Building on Woodward, a five-story story building nearby and a three-story building further north. They will be renovated for retail and office or residential use.
Quicken Loans is an online retail mortgage lender. Rock Ventures is the umbrella entity for Gilbert's portfolio of companies, investments and real estate. In all, Rock Ventures has acquired eight downtown buildings this year. Gilbert has said he hopes to help make downtown a destination for Web and technology-based businesses.
In July FOX 2's Alexis Wiley reported Rock Ventures and Quicken Loans was moving Title Source and 1,500 employees into the First National Building, a building Rock Ventures bought last summer.
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(Credit: WJBK | myFOXDetroit.com)Rock Ventures and Quicken Loans Chairman Dan Gilbert
