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MichiganCRE

Bedrock acquires 420,000-square-foot multi-purpose development in Detroit

December 23, 2021
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Bedrock has acquired “The ICON,” a 420,000-square-foot multi-purpose development at 200 Walker St., which was formerly home to the UAW-GM training center.

This newest acquisition adds more than 18 acres and 880 parking spaces to Bedrock’s growing downtown portfolio and continues Bedrock’s expansion from the Central Business District to the East Riverfront.

The 200 Walker Street acquisition includes:

  • 420,000-square-foot property:
    • West Building: 8-story office tower and 2-story auditorium
    • Center Building: 3-story training center and warehousing space
    • East Building: 1-story partial mezzanine and full-service cafeteria
  • 880 Parking garage spaces
  • 375-seat world class auditorium
  • Top floor 360-degree outdoor terrace
  • Direct access to Detroit’s East Riverfront

Financial figures were not disclosed.

Dedication to the Riverfront

200 Walker Street is strategically located adjacent to Bedrock’s recent acquisition of 300 River Place – a 500,000-square-foot Class-A office building – and signals the developer’s dedication and commitment to complementing the impressive work already underway along the Riverfront, which was named the Best Riverwalk in the country in the 2021 USA Today Reader’s Choice Awards.

Situated almost exactly midway between Hart Plaza and Belle Isle, 200 Walker Street and 300 River Place are uniquely positioned to help extend activity and momentum across the entire Riverwalk by providing access to public space, waterfront living, offices, warehousing, and event space.

While plans and programming for these parcels are still underway, Bedrock is in the early stages of imagining a vision for the area, including sustainable infrastructure, mixed-income housing, dining, office, public space, and more – all beside the Aretha Franklin Amphitheater and Atwater Beach.

Beyond residential and entertainment opportunities, the area’s proximity to Canada and its international border provides ample opportunities for business attraction and economic growth for Detroit.

Bedrock looks forward to sharing more details about its Riverfront plans soon.

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