The loan was funded for the acquisition of the iconic UAW-GM Center for Human Resources in Detroit. The 18-acre, mixed-use campus contains 420,000 square feet of space along the Detroit River Front.
This opportunity includes a strong sponsor that can elevate this iconic asset to its fullest potential, and a market that is experiencing a transformation through urban revitalization efforts.
The campus delivers panoramic views, first-class amenities and is one of the most visible buildings situated along the scenic waterfront. The world-class building is a multi-use campus with office space, technical training areas, full-service dining, a state-of-the-art auditorium, fitness center, conference center, outdoor terraces, views of the Detroit River and a 900-vehicle underground garage.
Red Oak and the sponsor anticipate that this property will provide a creative, inspiring and safe environment for a single or collaborative user. With panoramic views and first-class amenities, there are opportunities for this property beyond business, learning or municipal use, but as an entertainment complex to host premium events showcasing the glorious Detroit Riverfront and International waterway.