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Bedrock Nabs Detroit Free Press Building, Plans Renovation

Bedrock LLC, owned by billionaire Dan Gilbert, acquired the long-vacant Detroit Free Press building at 321 W. Lafayette Blvd. The new owner’s plans are to keep much of the historic and architectural elements intact, while renovating the 14-story property into a mixed-use development. The building had been on the market since fall 2016, for a $16 million ask.

Gilbert told the Free Press that the redevelopment could begin in Q2 2017, and last for approximately two years. Bedrock is anticipating a 2019 reopening date.

The Free Press left the building in 1998 to relocate to 615 W. Lafayette Blvd. DDI Group, a Chinese investment group, acquired the property in 2013 through an online auction.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.