Transportation

GM to Move Detroit Headquarters to Dan Gilbert-Owned Tower

  • New site cements the carmaker as last to remain in the city
  • CEO Barra calls company ‘perfect fit’ for Hudson’s location

General Motors headquarters in the Renaissance Center in Detroit.

Photographer: Stan Honda/AFP/Getty Images
Lock
This article is for subscribers only.

General Motors Co. will move its downtown Detroit headquarters across the city next year to the Hudson’s building, a new 1.5 million-square-foot project being developed by billionaire Dan Gilbert.

For GM, the deal makes the automaker a long-term fixture in the revival of Detroit’s downtown, which Gilbert has been spearheading by acquiring and developing 45 major office, retail and hospitality properties. It will give Gilbert, chairman of mortgage lender Rocket Cos. Inc., an anchor tenant for the office portion of the $1.4 billion building. The companies revealedBloomberg Terminal the plans late Monday, confirming an earlier Bloomberg News report.