||Mr. Gilbert's properties in the city|
Quicken Loans founder Dan Gilbert has added a pair of Detroit skyscrapers to his rapidly expanding property portfolio in the city. Mr. Gilbert has acquired the towers as part of his super-secret "Woodward Corridor Place-making and Retail Strategy."
The pair of towers at both located on Detroit's Woodward Avenue. The Vinton Building, designed by Albert Kahn in 1916, sold for an undisclosed amount in December 2012. The 1001 Woodward tower, built in 1965 in the city's Greektown area, was sold to the entrepreneur this week, according to local media.
"The company's real estate portfolio has now reached 2.8 million square feet of commercial and residential space in Detroit," Commercial Property Executive reports.
Mr. Gilbert is holding an invite-only ceremony today at the City Theater where he will reportedly announce the details of his secret plan for revitalizing the boulevard. Rumors include the construction of retail buildings, a $2 million pedestrian avenue, a reconfiguration of traffic patterns and a series of new parks, according to Curbed Detroit.