Dan Gilbert Breaks Ground On New Development In Downtown Detroit

DETROIT (AP) — Dan Gilbert has officially broken ground on a mixed-use building project on a mainly vacant, high-profile piece of downtown Detroit.

Officials attended the event Thursday for the development dubbed Monroe Blocks. The project encompassing two city blocks facing Campus Martius Park is owned by Gilbert's company Bedrock.

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The project will be anchored by a 35-story office tower and includes a 17-story residential building. Plans also call for retail areas and roughly an acre of open space.

The work is scheduled to be finished in 2022.

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Michigan's economic development board this year awarded $618 million in tax incentives to Bedrock for $2.1 billion in Detroit developments that include Monroe Blocks. Another project is what's expected to be Michigan's tallest building on the site of the former J.L. Hudson department store.