Fifth Third Bank delays Detroit move
Fifth Third Bank has pushed back plans to move its regional headquarters from Southfield to downtown Detroit.
Spokesman Eric Younan says the bank will now begin moving staff into four floors of the One Woodward Avenue building in late spring, instead of March as planned. The delay comes after building design plans have changed to allow the bank to have more open work stations and more collaboration spaces, Younan said.
“Corporate-wide, Fifth Third Bank is going to be moving to that, and we’re going to be piloting the program in Detroit,” he said.
Dan Gilbert’s Bedrock Real Estate Services owns the landmark building at the northwest corner of Woodward and Jefferson avenues. Other tenants include the Detroit Regional Chamber and Gilbert’s Quicken Loans.
The estimated time for the move to be complete is still June 2016 and the price tag hasn’t changed, said Younan. The bank plans to maintain 200,000 square feet of office space in its current location at the Southfield Town Center for training purposes.
Part of the deal with Bedrock will allow the Cincinnati-based institution to rename the building as Fifth Third Bank at One Woodward.