Redevelopment is planned for the former Detroit police headquarters building.
Bedrock real estate and Pike Pointe Holdings are partners on the project. Plans for the building’s development have yet to be released, but “the partners are committed to preserving the historic nature of this architectural gem." The Pike Pointe Holdings and Bedrock partnership hold title to the building.
“Greektown and its neighboring districts have experienced tremendous growth and have several new transformative developments coming out of the ground in the near future, making this the perfect opportunity to begin this building’s next chapter,” said Bedrock CEO Jim Ketai in a statement.
The Albert Kahn-designed 240,000-square-foot structure is at 1300 Beaubien, in downtown Detroit's Greektown entertainment district. Ground was broken in late 1921 and the building opened the following year.
Pike Pointe Holdings is a subsidiary of Syncora Guarantee Inc. which gained control of the building through Detroit's 2014 bankruptcy settlement with the city's creditors.
As the building aged, it was plagued with falling plaster, lead-based paint, water leaks, vermin, and other problems.
It has been vacant since 2013 when police operations were moved to a new headquarters on the other side of downtown.
