Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan

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Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan

Associated Press Finance06:20

DETROIT (AP) — Two towers at Detroit's iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced Monday. The ...

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The new site, being built by Bedrock, is about a mile  north of the Renaissance Center. The move also keeps GM’s headquar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4574":"无人驾驶","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","AP":"安博科-匹兹堡","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4561":"索罗斯持仓","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4596":"哈里斯概念","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4099":"汽车制造商","BK4006":"钢铁","BK4516":"特朗普概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","BK4585":"ETF&股票定投概念","GM":"通用汽车","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4555":"新能源车","BK4566":"资本集团","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4559":"巴菲特持仓","BK4588":"碎股"},"translate_title":"底特律标志性的文艺复兴中心的2座塔楼可能会在$1.6 B的重建计划中被夷为平地","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AP":1,"GM":0.9},"content_text":"DETROIT (AP) — Two towers at Detroit's iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced Monday.\nThe complex, which next year will lose the headquarters of owner General Motors Co., is the symbol of Detroit, with aerial views often shown on television sports broadcasts.\nGM decided last spring to leave what's locally known as the “RenCen” for a more modern building being constructed downtown.\nGM said in April it would join forces with the Bedrock real estate development firm and Wayne County to turn the partially vacant property into a roughly 27-acre entertainment complex across the Detroit River from Windsor, Ontario.\nUnder the plans, Bedrock would invest at least $1 billion in the property, with roughly $250 million more coming from GM and another $250 million in yet-to-be-allocated public money, possibly from the state of Michigan.\nThe plan, called conceptual by Bedrock, would preserve most of the skyline and reduce the center's office footprint. Demolishing the two 39-story towers would free land for the waterfront project that would complement a walkway along the river, Bedrock said in a press release. A pedestrian promenade would link the heart of downtown to the riverfront, Bedrock said. \nThe 73-story main tower would remain, with high-end housing on the upper floors, according to Crain's Detroit Business, which first reported the plans.\nGM CEO Mary Barra said last April that the move to a brand new state-of-the-art office building in the heart of the city will help GM recruit talent in the future. The new site, being built by Bedrock, is about a mile (1.6 kilometers) north of the Renaissance Center. The move also keeps GM’s headquarters in the city for the foreseeable future, she said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}