Dan Gilbert
By now it's well known that mortgage mogul Dan Gilbert has an option to buy GM's Renaissance Center on Detroit's riverfront.
Now Crain's Detroit Business reports that Gilbert also has an option to buy approximately 20 acres of east Detroit riverfront land next to the RenCen.
Kirk Pinho of Crain's reports:
The land, owned by GM primarily for surface parking, is one of the most underutilized properties downtown, a nagging reminder that the Detroit riverfront, in spite of the major glow-up and accolades it has received the past 20 or so years, still has a long way to go as new development remains elusive, save for a new apartment or condo building here and there.
Gilbert, for his part, has for close to two decades seen that plot with an eye toward building on it, following in the footsteps of others before him who tried and failed.
