Bedrock buys buildings, land along Detroit Riverfront
Posted at 8:09 AM, May 14, 2021
and last updated 2021-05-14 08:09:33-04
Bedrock, the real estate company owned by Dan Gilbert, has purchased a group of buildings and land along the Detroit Riverfront.
According to Bedrock, they have purchased 300 River Place from The Stroh Companies, Inc., which will add 500,000 square feet of office space, 735 parking spaces and about 4.4 acres of land that can be developed.
The buildings included in the sale are:
300 River Place Drive: a 500,000 square foot, Class A office building
Western portion of the River Place Parking Garage: totaling rights to 735 parking spaces
Dan Gilbert buys Stroh River Place in Detroit from Stroh family
View Comments
Dan Gilbert s real estate firm has added Stroh River Place on Detroit s east riverfront to its vast collection of properties in the city.
Bedrock announced Friday that it purchased the 500,000-square-foot office complex at 300 River Place from The Stroh Companies. The building dates to 1928 when it was constructed by the old Parke-Davis & Co. pharmaceutical company.
The sprawling pharmaceutical complex and its dozens of red brick industrial buildings, including offices, laboratories and warehouses, was bought in the late 1970s by the Stroh Brewing Co. The brewing company redeveloped the complex during the 1980s and moved its headquarters to 300 River Place, the flagship building of the riverfront campus.