Quicken Loans Starts Construction on 66,000 Sq. Ft. Technology/Data Center Outside Detroit’s CBD
- May 22, 2014
By Veronica Grecu, Associate Editor
The site of a former industrial building sitting at the corner of Rosa Parks Boulevard and Porter Street in the Corktown neighborhood of Detroit is being redeveloped into a new technology center by online mortgage lender Quicken Loans Inc. and its affiliate Bedrock Real Estate Services LLC.
According to Crain’s Detroit Business, in November 2013 the 38,000-square-foot industrial warehouse located at 1401 Rosa Parks was acquired for $625,000 by Dan Gilbert, the founder and chairman of Quicken Loans who owns around 8 million square feet of real estate space in Detroit, through his real estate investment arm Rock ventures LLC. Reportedly, the single-story property was occupied by two tenants at the moment of sale—the Great American Truck Driving School and Concrete Cutting Co. —but the companies left the building shortly after the deal was closed.
The 66,000-square-foot Quicken Loans Technology Center is scheduled to open in January 2015 and will serve as a data center and office complex. Set to become Dan Gilbert’s first development project located outside Detroit’s Central Business District, the state-of-the-art technology center also marks Bedrock’s second ground-up development in the city after the Z Garage facility.
The concrete and glass structure was designed by Integrated Design Solutions of Troy with Turner Construction Co. in charge of construction, according to Crain’s. The technology center will include 10,000 square feet of server rooms featuring next-generation air conditioning systems to cool the servers, as well as training, office and support space. A news release by Quicken Loans states that half of the data center will be occupied by the company’s technology staff, while the remaining 33,000 square feet in the building will be available for lease when the center opens next January.
“Developing real estate that meets the needs of our family of companies and our tenants in the city of Detroit is our top priority at Bedrock,” said Jim Ketai, Bedrock Real Estate Services CEO and managing partner. “This is also a great opportunity for another top technology company to secure prime server and training space in Detroit,” he added.
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Rendering via Quicken Loans