Michigan Real Estate News

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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.

 

Free Legal Services for Low-Income Tenants Delayed

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A program to provide free lawyers to low-income Detroiters facing eviction is being delayed. The program was supposed to start October 1, according to the Detroit City Council ordinance that was enacted over the summer. Tenant advocates are voicing concerns over the delay, although legal services continue to be available through a statewide pandemic program. The ordinance offers legal representation in 36th District Court for tenants who are facing eviction and making below 200% of the federal poverty guidelines. The city is working to produce requests for proposals and is working its way through the American Rescue Plan compliance process. Funding for the program would last for over three years.