Title Source Moves 1,500 Employees to Downtown Detroit
- Aug 01, 2012
Dan Gilbert’s family of companies continues to consolidate its presence in Detroit’s Central Business District as Title Source, a Rock Ventures-affiliated company, has started relocating 1,500 of its Michigan-based employees to the First National Building, a Class A office tower located at 660 Woodward Ave.
Built in 1930 under famed architect Albert Kahn’s design, the 25-story structure occupies an entire city block along Cadillac Square next to Campus Martius Park. In August 2011, the 800,000-square-foot tower was acquired by Quicken Loans and, in the past six months, it has undergone extensive renovations that complemented the structure’s elegant historical features of the original Neoclassical architectural design.
According to an official statement released last week, Troy-based Title Source has already moved 500 employees to the new headquarters. When fully relocated in about six months, the company will occupy more than 330,000 square feet of space (or more than 40 percent) across 10 floors of the First National Building. With the new Title Source addition, the office building is now 93 percent occupied; other tenants include the United Way of Southeastern Michigan and the law firm of Honigman, Miller, Schwartz and Cohn.
Rock Ventures started relocating all Michigan-based workers in Detroit in August 2010, when Quicken Loans and five sister companies moved 1,700 employees in the Compuware Building. It is expected that by early 2013, Rock Ventures will have more than 6,500 employees working in Downtown Detroit.
Since August 2010, more than 6 companies have occupied space in several office buildings—such as the fully leased M@dison Building or the Chrysler House—owned by Rock Ventures throughout Detroit.
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Image credits to Michael Russell