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.