DETROIT -(WWJ)- The Quicken Loans Group announces it has completed the purchase of the historic Madison Building.
The building, located on Broadway in downtown Detroit, will be converted into an open space facility, designed to encourage partnership among local entrepreneurs, as well as their growing projects and companies.
The building’s two street level tenants – Angelina Italian Bistro and Stub Hub – will remain open for business, while the upper floors are being renovated.
The design phase is currently underway and construction will begin in the spring and is expected to be completed by fall of this year.
The Madison Building purchase announcement isn’t the only business venture taking place in the Motor City. This follows news that two other landmark buildings – the David Whitney Building and the Broderick Tower – have received financing for restoration and renovation.
The Madison Building was originally designed by architect C. Howard Crane and constructed in 1917 as part of the Madison Theater complex.