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Dan Gilbert's Bedrock Real Estate Services has acquired 3 adjoining historic buildings in downtown Detroit


DETROIT — Dan Gilbert's Bedrock Real Estate Services has acquired three adjoining historic buildings in downtown Detroit.

Bedrock announced Tuesday the acquisition of the "Lofts @ Woodward Center," which contains three first-floor retail spaces and 61 residential units. The acquisition includes a surface parking lot located behind the buildings that contains 28 spaces.

Gilbert is the founder and chairman of online mortgage lender Quicken Loans. He's also a founding partner of Bedrock.

Jim Ketai, Managing Partner and CEO of Bedrock, says in a statement that the acquisition "will allow us to add to a strong mix of retail and residential space along Woodward Avenue, which is crucial for Detroit's sustained growth."

Bedrock and its affiliates have invested nearly $2.2 billion in acquiring, renovating and developing more than 85 properties in downtown.

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