By Edward Cardenas
DETROIT (CBS Detroit) – Two downtown Detroit buildings have named “The Outstanding Building of the Year” by the Building Owners and Managers Association International.
The M@dison Building and the Coleman A. Young Municipal Center both received the commercial real estate industry’s highest recognition.
Both buildings first won local and regional competitions, and a comprehensive building inspection by a team of expert industry professionals, before receiving the global recognition.
The M@dison Building, located at 1555 Broadway Street in downtown Detroit, won the TOBY award in the under 100,000 square foot category.
“We are truly honored to be singled out among these distinguished properties as one of the best in the world,” said Jim Ketai, Managing Partner and CEO of Bedrock Real Estate Services., in a release “To win an award at this level takes hard work and dedication from each and every team member within every part of our organization. This is a testament to our team’s ongoing commitment to safety, best-in-class service, and exceptional property management practices. We are extremely proud.”
Bedrock acquired, and completely renovated, the historic 5-story Madison Theater Building in 2011, and was the company’s first real estate investment in downtown Detroit.
The building is now a state-of-the-art building which is home to more than 60 companies and nearly 300 tech workers.
In less than five years Bedrock has invested $1.8 billion in more than 75 properties totaling in downtown Detroit.
The Coleman A. Young Municipal Center was named “The Building of The Year” in the Government Building category. The property is owned by Detroit-Wayne Joint Building Authority and managed by Hines/Porcher.
In addition to receiving the top honors, Bedrock’s M@dison Building and Chrysler House (719 Griswold Street) also received BOMA 360 Performance designations.