Tag

Renaissance Center

All articles tagged with #renaissance center

business1 year ago

Detroit's RenCen Faces Major Overhaul with Tower Demolition and New Developments

A $1.6 billion redevelopment plan proposes reducing Detroit's Renaissance Center from five to three towers, adding residential units, office space, and a riverfront park. The project, led by Dan Gilbert's Bedrock and General Motors, seeks $250 million in state support. The plan aims to modernize the site for mixed-use, including entertainment and dining, while addressing post-pandemic shifts in office space demand. However, the proposal faces skepticism from lawmakers and real estate experts over taxpayer funding and the impact on Detroit's skyline.

business1 year ago

GM's Mary Barra Considers Demolition and New Uses for Detroit's RenCen Tower

GM CEO Mary Barra did not rule out the demolition of the Renaissance Center as the company plans to move its global headquarters to the new Hudson's Detroit building in 2025. Barra emphasized the need to find a suitable use for the RenCen, considering the shift to remote work and reduced office space requirements. She defended the decision to bring employees back to the office part-time, highlighting the importance of in-person collaboration for vehicle design and production.

business1 year ago

"RenCen's Uncertain Future: GM's Departure to Hudson's Tower"

General Motors announced that it will move its headquarters from the Renaissance Center to the new Hudson's building in Detroit, leaving businesses inside the RenCen caught off guard. The move, set for 2025, has raised concerns for the future of these businesses, which have seen a decline in customers and foot traffic in recent years. GM, along with Bedrock Detroit and local officials, will explore redevelopment plans for the RenCen, but specific details have not yet been determined.