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Stephen M. Ross announces $100 million gift to launch construction of the Detroit Center for Innovation
Initial phase — will include the University of Michigan’s 190,000-square-foot anchor academic building, incubator and startup services, housing and hotel and conference center — expected to begin construction in 2021 Located on the former Wayne County Jail site in downtown Detroit, and made…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning, and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the Chairman and Founder of Related Companies, the largest private real estate developer in the United States and the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in…, About Bedrock:, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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Stephen Ross donates another $100m to UM
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New $300 million U-M research and education center to anchor 14-acre Detroit Center for Innovation in the heart of Detroit
Multi-building Detroit Center for Innovation to include 190,000-square-foot academic building operated by University of Michigan U-M academic building to serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in high-tech innovation industries, to be financially…, Creating a Pipeline of World-Class Talent, While the U-M academic center will provide instruction at the downtown Detroit Center for Innovation, degrees and certificates will be awarded by the Ann Arbor campus. It is designed to serve U-M or other students in the last year of their undergraduate program, as well as people seeking graduate…, Expansion of U-M’s Impact in Detroit, The new downtown center is part of the University of Michigan’s growing footprint in and around Detroit including its nearby U-M-Dearborn campus, the Detroit Center on Woodward, a “cradle to career” P-20 collaboration with the Detroit Public Schools Community District at Marygrove College in…, A Local Center for Detroiters and Students From Around the World, In 2018, Bedrock announced that it acquired the Gratiot site from Wayne County after agreeing to build a new $533 million criminal justice center near Detroit’s Midtown neighborhood. Since acquiring the site, Bedrock demolished the half-built jail structure and is currently using the site to…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the chairman and founder of Related Companies, the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in meaningful ways. His philanthropic efforts have broadly focused on…, About Bedrock, :, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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Billionaire Stephen Ross says new Innovation Center will keep talent from leaving Detroit
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Detroit Center for Innovation to be built in The District Detroit
Related Companies, Olympia Development of Michigan and the University of Michigan today announced that the Detroit Center for Innovation (DCI) will be built in The District Detroit , a premier sports and entertainment destination featuring residential, retail, educational and office space in the…, University of Michigan to operate state-of-the-art research and academic center, The DCI marks a new chapter in the University of Michigan’s long-standing commitment to Detroit and will enhance the university’s ability to drive innovation across a variety of fields in which advanced technology is increasingly critical, according to U-M President Mark Schlissel. The DCI is…, About the University of Michigan:, One of the nation’s top public universities, the University of Michigan has been a leader in research, learning, and teaching for more than 200 years. U-M’s alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and inventors.…, About Related Companies:, Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States with over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The…, About Olympia Development:, Olympia Development of Michigan, an Ilitch company, is a real estate development firm dedicated to improving the lives of people who live, work, and play in Detroit and beyond. Through catalytic developments, innovative design and construction, and inclusive placemaking, Olympia Development…, About The District Detroit:, The District Detroit is a premier sports and entertainment destination unlike any other in the country. This one-stop shop for dining, sports and live entertainment offers event goers, residents, and visitors a dynamic environment to live, work, and play. The area features three major, multi-use…, About ServiceNow:, ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit: www.servicenow.com .
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Ilitches, Ross to build UM Detroit Center for Innovation on site west of Fox Theatre
A new University of Michigan graduate school building is expected to be built on a 4-acre surface parking lot west of the Fox Theatre in the Ilitch organization's District Detroit development area.
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Related Companies and Olympia Development share vision for future development in The District Detroit
Related Companies and Olympia Development of Michigan today shared a vision for future development in The District Detroit that will bring new opportunities for affordable and market-rate housing, as well as sustainable green spaces, commercial office space, retail and restaurants. In December of…, About Related Companies:, Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and a fully…, About Olympia Development of Michigan:, Olympia Development of Michigan, an Ilitch company, is a real estate development firm dedicated to improving the lives of people who live, work, and play in Detroit and beyond. Through catalytic developments, innovative design and construction, and inclusive placemaking, Olympia Development…, About The District Detroit:, The District Detroit is a premier urban live, work, play destination featuring professional sports, entertainment, residential, retail, educational, and office space in the heart of the city. This growing, destination for dining, sports and live entertainment offers eventgoers, creators,…
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Expanded Detroit Center for Innovation vision includes hotel, parks, community space
An updated vision for property around the proposed Detroit Center for Innovation includes a new hotel, commercial and residential space on under-developed District Detroit land.
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