On December 13th, Related Companies, Olympia Development of Michigan (ODM) and the University of Michigan announced a new home for the Detroit Center for Innovation (DCI), as well as further opportunities for development nearby. DCI's new home will be located within The District Detroit, a mixed-use sports and entertainment destination that features residential, retail, educational and office space in a convenient location between the city’s downtown and Midtown. One of the missions driving DCI is to stimulate the local economy with city, regional and statewide job creation, and DCI's development team is confident that the new central location will help create positive economic and social impact for Detroiters.
Related and Olympia Development of Michigan are also looking into other avenues to contribute to the neighborhood surrounding DCI. Additional development opportunities the team is exploring include preserving and adapting the city's historic buildings, creating affordable and market-rate housing, designing sustainable green spaces and launching commercial office space, retail and restaurants. As they cooperate with city and community leaders on potential projects, Related and ODM will also launch a purpose-driven enterprise committed to working with local minority- and women-owned businesses throughout the development process.
Expected to break ground in 2023, DCI will create a transformative campus once complete that will bring together University of Michigan students, businesses, non-profits and community partners in a collaborative atmosphere, facilitating a pipeline of top talent that will contribute to the region's growth. The campus will be composed of three buildings, anchored by the 200,000-square-foot research and education center for graduate students that will be managed by the University of Michigan and will offer programs in cutting-edge disciplines like mobility, artificial intelligence, data science, entrepreneurship, sustainability, cybersecurity and financial technology. The second building will feature a technology incubator and the third building will contain 300 residences, along with green space. ServiceNow, a leading digital workflow company, has stated its commitment to expand its employment footprint in Detroit at DCI, which will help establish the campus as a pool for top-tier talent and digital transformation.