Mercedes-Benz Financial Services Celebrates New Headquarters

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Mercedes-Benz Financial Services USA (MBFS) has opened its new corporate campus in Farmington Hills. The headquarters are designed to support a new hybrid workforce model. The 3-story headquarters building is located on 35 acres at 35555 W. 12 Mile Road. The new workspaces encompasses 200,000 square feet. Olympia Development of Michigan, KIRCO MANIX and Gensler Detroit partnered with MBFS on the project. Mercedes-Benz Financial Services USA provides brand-specific financing and leasing products and insurance services.

 

Demolition of Historic Detroit Theater Makes Way for Parking Lot

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The Bagley Development Group has begun demolishing the historic United Artists Theater building in downtown Detroit. They are converting the attached office tower into 148 apartments. The space created by the theater’s demolition will provide parking to residential tenants. Detroit-based construction manager L.S. Brinker has partnered with Lansing-based construction manager Christman Co. to redevelop the office tower. Demolition of the theater is expected to take about 4 to 6 weeks. Homrich Inc. is the contractor on the building.

 

Cookie-Cutter Duplexes Could be Making a Comeback

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Remember pattern book or catalog homes? Returning to classic home patterns could increase the number of multi-family units across the state, potentially adding new housing and more density while new single-family construction slows down. The Michigan Municipal League is proposing pattern-book homes that take one back to the days of the catalog homes that were built across metro Detroit a 100 years ago. Pattern-book homes include blueprints for duplexes, triplexes and quads, creating lower-cost housing units in neighborhoods. According to the Michigan Municipal League’s program manager, pattern-book homes could fill the housing option gap. T

 

 

Meridian Healthcare To Shrink Its Detroit Office Footprint

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Meridian Health is subleasing multiple spaces in downtown Detroit, shrinking its office footprint. 266,000 square feet are up for grabs in One Campus Martius building, and almost 40,000 square feet are available in the One Kennedy Square building. Meridian Health is the state’s largest Medicaid health plan. Meridian’s parent company is reducing its leased space footprint nationwide by 65 percent, which could save them up to $200 million per year. The One Campus Martius sublease would be through the end of 2024. One Campus Martius is owned by Bedrock LLC and Meridian; One Kennedy Square is owned by Redico LLC.

 

 

Downtown Detroit’s Central Business District Rides the Rebound Rollercoaster

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Downtown Detroit’s restaurants and businesses continue to ride the return-to-office rollercoaster. While they eagerly welcome the return of office workers and the business they bring, the situation still isn’t stable. GM announced that its salaried workforce would return to the office three days a week by the end of the year. When workers called the company out for the abrupt decision, the company changed its tune, saying its policy wouldn’t be adjusted before 2023. To add to the instability, Meridian Health wants to shed more than 300,000 square feet in One Campus Martius and One Kennedy Square. Detroit’s downtown restaurants and businesses aren’t rebounding in leaps and bounds.