Downtown Detroit - Overview

Overview

In recent years the downtown area has seen tremendous growth and development. Since 2000 a number of major construction projects have been completed including the new Compuware Headquarters at Campus Martius Park and two new stadiums: Comerica Park and Ford Field. General Motors moved their headquarters into the Renaissance Center, and the Detroit Lions have relocated from Pontiac to Downtown Detroit. High-profile events like the 2005 MLB All-Star Game, Super Bowl XL, and the 2006 World Series have taken place in downtown, generating income for local businesses and spurring more growth. As a result, new residents are moving into Detroit in the assortment of new lofts that are opening. An example of these trends is the Westin Book-Cadillac Hotel. In 2006, the Cleveland-based Ferchill Group began the $180 million redevelopment of the historic Book Cadlliac Hotel at the corner of Washington Blvd. and Michigan Avenue. The project, which has been hailed by preservationists houses a 455 room Westin Hotel, 67 high-end condominiums, and two to three restaurants, and some miscellaneous retail serving hotel and conference center guests. DTE Energy Headquarters features an urban oasis of parks, walkways, and a reflecting pool.

In 2007, Downtown Detroit was named among the best big city neighborhoods in which to retire by CNN Money Magazine editors. Downtown contains popular destinations including, the International Riverfront, the MGM Grand Detroit, Greektown Casino Hotel, and many sites listed on the National Register of Historic Places.

Downtown Detroit hosts 80,500 workers which make up about one-fifth of the city's total employment base; in addition, it is home to about 5,300 residents. Downtown offers a number of residential high rises, including Riverfront Towers.

The Renaissance Center contains the Detroit Marriott hotel, General Motors headquarters, as well as many shops and restaurants. Compuware has its headquarters in the Compuware World Headquarters building by Campus Martius Park in Downtown Detroit. Compuware moved its headquarters and 4,000 employees to Downtown Detroit in 2003. Little Caesars and Olympia Entertainment have their headquarters in the Fox Theatre. Ernst & Young has offices in One Kennedy Square on Campus Martius Park. Pricewaterhouse Coopers has offices in a building across from Ford Field. Chrysler maintains executive offices at Chrysler House in the city's Financial District. In 2011, Quicken Loans moved its headquarters and 4,000 employees to downtown. Comerica Bank and Blue Cross Blue Shield of Michigan are also major employers downtown.