The Downtown Development Authority of Detroit approved a timeline for construction on the historic Hudson’s site on Woodward Avenue.
Bedrock will begin to realize its design with a December 1 groundbreaking — which aligns development with the Michigan Thrive Initiative to catalyze state economic growth. Those behind the project hope it resonates with residents as powerfully as its preceding structure did.
Transformational Development
Gilbert hopes the new site occupant, dubbed a “transformational” development, will have as significant of an impact on both the community and the economy.
“Our goal is to create a development that exceeds the economic and experiential impact even Hudson’s had on the city,” he said. “We believe this project is so unique that it can help put Detroit back on the national — and even global — map for world-class architecture, talent attraction, technology innovation and job creation.”
The Hudson Building stood from 1911 to 1998, although its doors closed in 1983 following years of population loss for the city. It was the tallest building to ever be imploded.
Related Link: Mike Ilitch: Billionaire Entrepreneur, Pizza Magnate And Detroit Icon
Economic Impact
An economic study by WSP-Parsons Brinkerhoff predicted the final product will draw about three million annual visitors, generate $230 million in annual spending and house 3,000 jobs. During construction, it will create more than 5,800 jobs and $1.5 billion in economic output.
The proposed building will stand at 734 feet with 52 stories, making it the tallest structure in Detroit. The comprehensive piece includes a nine-story podium, an above residential tower with 250 units, and 700 parking spaces below.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
