Gilbert's firm seeks more time to finish Hudson's site project in Detroit [Yahoo! Finance]
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Source: Yahoo! Finance
Gilbert's real estate firm, Bedrock, broke ground on the project in December 2017 and faces a Dec. 31 deadline for "substantial completion" of the project's two side-by-side buildings at 1208 Woodward: a 12-story "office block" building and a 45-floor skyscraper with luxury condos and a hotel. Bedrock is now asking development officials for a one-year extension to that end-of-year deadline, which it needed to meet to stay in compliance with the project's Transformational Brownfield public subsidy. Dan Gilbert's real estate firm Bedrock is looking for an extension for the incomplete Hudson building in Detroit photographed on Thursday, Dec. 19, 2024. A spokesman for the Detroit Brownfield Redevelopment Authority said that Bedrock's time extension request will be considered at a future authority meeting in January. Construction of the $1.4 billion project has taken longer than planned for Bedrock, even with expected delays from the COVID-19 pandemic that affected developments ac
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