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Detroit is building a $1 billion 'city within a city' on the site of a dead department storehttps://www.businessinsider.in/miscellaneous/detroit-is-building-a-1-billion-city-within-a-city-on-the-site-of-a-dead-department-store/slidelist/65325748.cms2018-08-08T19:08:33+05:30

Detroit is building a $1 billion 'city within a city' on the site of a dead department store

Aug 8, 2018, 19:08 IST

Detroit is building a $1 billion, 800-foot-tall skyscraper. It will be the tallest tower in the city.

The development will feature 425,000 square feet of residential space, 240,000 square feet of office space, 120,000 square feet of event space, and 100,000 square feet of retail space.

The project's real estate firm, Bedrock, is behind many recent redevelopments in Detroit.

Quicken Loans founder Dan Gilbert launched Bedrock in 2010, three years before the city would file for bankruptcy.

The new tower will sit at the site of the iconic Hudson's department store, an eight-story building completed in 1891.

"The building is undoubtedly the finest business structure in Michigan and one of the finest in the country, while few, if any in the world, can surpass it," The Detroit Free Press reported at the time.

But in January 1983, largely due to falling sales in the downtown shopping district, Hudson's closed its doors. The state seized the property in 1996, and two years later, the city of Detroit imploded the structure.

Since the new tower will feature plenty of places to eat, shop, work, and live, its architects are calling it a "city within a city."

New York-based SHoP Architects and Detroit-based firm Hamilton Anderson Associates designed the complex. To lower the probability of it becoming a "ready-made" development — a project with an inauthentic sense of community) — the teams conducted a yearlong study that asked residents what they would like to see.

Sharples hopes that the city welcomes the tower as "an authentic product of Detroit."

The project broke ground in December 2017. The exact timeline is not set, but developers say that it will be complete some time after 2020.

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