General Motors Co. announced Monday that it will move its headquarters next year to a new property in Detroit.
The automaker will be a key tenant of Hudson’s Detroit, an on-site assignment from a former J. L. The progression is near GM’s current headquarters at the Renaissance Center in downtown Detroit.
The Detroit Hudson is a 1. 5 million-foot progression that includes offices, hotels, commercial and residential spaces. GM and Bedrock, the project’s developer, announced the resolution at a news conference in the Detroit Hudson.
Mary Barra, GM’s president and chief executive, said the new headquarters “will be our nerve center” while also having “space to demonstrate our vehicles. “
Dan Gilbert, founder and president of Bedrock, said his company intends to hire a prime corporate tenant. “Who would have any idea to hire the one on the corner?”he said.
Financial terms were revealed.
Hudson’s Detroit will be the automaker’s fourth headquarters in Detroit since 1911. With the move imminent, GM will lease its headquarters to own.
The Renaissance Center evolved in the 1970s thanks to civic leaders, adding Henry Ford II, then CEO of Ford Motor Co. , according to a history by the Detroit Historical Society. The idea of helping to revive Detroit after the 1967 riots. The center is made up of six work buildings and a hotel.
GM will partner with Bedrock, the City of Detroit and Wayne County, Michigan, “to explore redevelopment opportunities” for the Renaissance Center site.