LINKEDINCOMMENTMORE

A second 30-day extension was given for representatives of Dan Gilbert and the city of Detroit to reach a deal on a 900-space parking garage underneath the former J.L. Hudson site downtown.

The parking deal is one of the final pieces in Gilbert’s plan to transform the former Hudson’s site on Woodward into a massive new building that aims to be a showstopper. An affiliate linked to Gilbert wants to buy the city-owned Premier Garage.

The board of the city’s Downtown Development Authority, DDA, which is a unit of the Detroit Economic Growth Corp, approved the 30-day extension Wednesday afternoon. It was the second 30-day extension given by the DDA board. The first was in December.

Development rights for the Hudson’s site are controlled by an affiliate of Dan Gilbert’s Bedrock Real Estate Services.

Early designs released last year show a swooping glass-and-metal structure that looks like nothing in Detroit now. The space will have 250 residential units, 225,000 square feet of mixed-use commercial or retail space, as well as a “programmed civic space,” according to a city document provided last year.

Gilbert wants a signature building that could include some type of satellite campus by a college or maybe a cultural institution, according to sources familiar with his plans. He’s hired a highly acclaimed New York architecture firm, SHoP.

Last month, Bedrock officials said “great progress” was being made. “We continue to work with the city of Detroit on all of the steps necessary to proceed with our development of the iconic Hudson’s site,” said Jeff Cohen, founder and CEO of Rock Companies. “We are making great progress on our pre-development work and looking forward to being able to provide a substantive update in the near future.”

Gilbert is founder and chairman of Rock Ventures and Quicken Loans Inc.

Hudson’s closed 33 years ago. Opened in 1911, it was the flagship store of the former department store and eventually grew in size to more than 2 million square feet and 32 floors At one point, it was the tallest department store in the world. The structure was demolished in 1998.

laguilar@detroitnews.com

Twitter: LouisAguilar_DN

LINKEDINCOMMENTMORE
Read or Share this story: http://detne.ws/1Vsz0E4