General Motors Co. has announced that it will be relocating its corporate headquarters to a new real estate development in Detroit next year. The automaker will be an anchor tenant at Hudson’s Detroit, a project located near GM’s current headquarters at the Renaissance Center in downtown Detroit. Hudson’s Detroit is a 1.5 million-square-foot development that will include office, hotel, retail, and residential space. GM and Bedrock, the project’s developer, made the announcement at a press conference at Hudson’s Detroit, where GM Chair and CEO Mary Barra emphasized that the new headquarters will serve as the company’s nerve center.
Dan Gilbert, founder and chairman of Bedrock, expressed his excitement at the news, stating that his company had been looking to attract a major corporate tenant and had ended up bringing in the one that was just around the corner. However, no financial terms of the deal were disclosed. This move to Hudson’s Detroit will make it General Motors’ fourth headquarters site in Detroit since 1911. The automaker will be leasing its headquarters space, rather than owning it, a shift from their acquisition of the current Renaissance Center headquarters in 1996, which was developed in the 1970s to help revitalize Detroit after riots in 1967.
As part of the relocation to Hudson’s Detroit, GM also announced that they will be forming a partnership with Bedrock, the city of Detroit, and Wayne County, Michigan, to explore redevelopment opportunities for the Renaissance Center site. This move demonstrates General Motors’ commitment to the city of Detroit and its ongoing efforts to contribute to the revitalization and development of the area. The partnership will allow for collaboration between the different entities involved to bring new opportunities for growth and development to the city.
The new headquarters at Hudson’s Detroit will offer General Motors the space to not only serve as its nerve center but also to display its vehicles to the public. This strategic move to a new, modern development reflects the company’s desire to showcase its innovation and technology in a dynamic and interactive environment. The prime location of Hudson’s Detroit near the current headquarters at the Renaissance Center will make for a seamless transition for GM employees and ensure continued accessibility for customers and stakeholders.
By relocating its corporate headquarters to Hudson’s Detroit, General Motors is making a significant investment in the future of the city and reinforcing its presence in Detroit. The move to a new development with office, hotel, retail, and residential space underscores GM’s commitment to growth and innovation, as well as its focus on creating a dynamic work environment for employees. The partnership with Bedrock, the city of Detroit, and Wayne County will enable the exploration of new opportunities for development and revitalization in the area, contributing to the ongoing transformation of Detroit into a thriving and vibrant city.
