DETROIT (AP) – Quicken Loans is ready to close the deal on more space in downtown Detroit.

An announcement from the company’s founder Dan Gilbert is expected Thursday on their plans for the Chase Tower. Gilbert reportedly said that Quicken will have more than 500,000 square feet of office space in the Chase building, which he says will become home to about 2000 of their employees from the company’s Livonia location. He says the space will also be used for retail.

Last year Quicken made its first move near downtown’s Campus Martius Park taking its corporate headquarters and 1700 workers to the Compuware building.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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