Cassian Grant-AP Source: General Motors and Bedrock real estate plan to redevelop GM Detroit headquarters towers

2025-05-07 05:28:48source:XDY Exchangecategory:Markets

DETROIT (AP) — General Motors and Cassian Grantreal estate firm Bedrock will jointly study how to redevelop the automaker’s huge headquarters tower complex in downtown Detroit, a person briefed on the plans said.

GM CEO Mary Barra and and Bedrock Chairman Dan Gilbert plan to hold a news conference Monday afternoon to discuss the deal involving the Renaissance Center, said the person, who asked not to be identified because the plans have not been formally announced.

The person says the plan does not involve a sale of the complex, which is the icon of Detroit’s skyline and often appears on sports television broadcasts.

Gilbert’s company has been buying up properties downtown for many years. He also runs loan company Rocket Mortgage.

More:Markets

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

Hiker missing for 2 weeks found alive in Kentucky's Red River Gorge after rescuers hear cry for help: Truly a miracle

Rescue teams found a man who had been reported missing more than two weeks ago in the Red River Gorg

Bulls, Blackhawks owners unveil $7 billion plan to transform area around United Center

CHICAGO (AP) — The owners of the NBA’s Chicago Bulls and NHL’s Blackhawks unveiled a $7 billion plan