CBS Detroit – In the wake of COVID-19, Bedrock Detroit is waiving all rent, expenses, and parking fees for restaurants and retail tenants who “qualify as small businesses”.
This covers the months of April, May, and June so the businesses can use their resources to pay payroll and other bills. It’s just one of the ways Detroiters are stepping up to help one another, and trying to protect the vibrant downtown business scene that took so long to build.READ MORE: Governor Whitmer Announces Proposal To Invest In Affordable, High-Quality Child Care For Michigan Families
In a press release from Bedrock today, CEO Matt Cullen said, “It is going to take the entire community to mitigate the effects of this pandemic on the region, and we are happy to do our part to help our portfolio’s most vulnerable businesses weather the storm. We are staying in close contact with each of our tenants and stakeholders everyday to understand their needs and concerns, and how we can help.”READ MORE: Child Tax Credit: How Much Will Your Monthly Check Be?
While many businesses have been forced to close their doors due to Governor Whitmer’s shelter in place order made today, some businesses in downtown Detroit are open. Adopting their business model to serve their customers through these trying times. Such as curbside pickup, delivery services, and online services.
Bedrock Detroit is a real estate company started by Dan Gilbert. Their portfolio consists of fo 210 office tenants, 125 retailers, and restaurants. With more than $5.6 billion dollars of assets in Detroit and Cleveland.MORE NEWS: Michigan Reports 338 New COVID-19 Cases, 8 Deaths
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