State, local and county officials joined Related Companies chairman Stephen M. Ross, CEO Matt Cullen of Bedrock and University of Michigan (U-M) president Mark Schlissel to announce plans for a 14-acre Detroit Center for Innovation (DCI) in downtown Detroit.
To be built on the site of the former Wayne County Jail, the project will be anchored by a $300-million, 190,000-square-foot research and education center operated by U-M.
It’s anticipated the new U-M facility will eventually serve up to 1,000 students pursuing advanced degrees in high-tech innovation disciplines. The initial phase of the DCI build-out also will include incubator and startup services for entrepreneurs, collaboration space for established companies, residential units, a hotel and conference center and event space.
Development of the academic building will be made possible in part by a major gift from Ross, a Detroit native and long-term U-M benefactor.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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