Summary:
Bedrock announces plans for a 14-acre innovation district in downtown Detroit.
Collaboration with BAMF Health, MI-HQ, and universities to enhance life sciences and technology.
Life Science Innovation Building to begin construction in 2025, pioneering new medical treatments.
Focus on creating a vibrant ecosystem for startups and attracting international investment.
Plans include a central park to improve community engagement and pedestrian experiences.
Bedrock's Vision for Downtown Detroit
Detroit's commercial real estate firm Bedrock has unveiled plans for a 14-acre district in downtown Detroit, focusing on life sciences, technology, and entrepreneurship. This development is set to rise on the stalled Wayne County Criminal Justice Center complex site, and aims to foster innovation in these key sectors.
Construction is slated to begin in 2025 on Bedrock’s Life Science Innovation Building in the downtown Technology, Entrepreneurship, Life Sciences District. // Rendering courtesy of Bedrock
Partnerships for Progress
In collaboration with esteemed organizations like BAMF Health, Michigan Innovation Headquarters (MI-HQ), Ferris State University, and Wayne State University, Bedrock is poised to create a premier hub for advancing precision technology and personalized medicine. The initial phase will kick off with the Life Science Innovation Building, a 220,000-square-foot facility that will pioneer new medical treatment methods.
Stakeholder Contributions
Key stakeholders include:
- BAMF Health: Utilizing 45,000 square feet for advanced cancer treatment and clinical trials.
- Ferris State University: Partnering to expand training in precision medicine and K-12 STEM opportunities.
- MI-HQ: Offering nearly 150,000 square feet of wet lab space to support startups with essential infrastructure.
- Wayne State University and TechTown: Aiming to incubate and scale local startups, enhancing career opportunities in health sciences.
Revitalizing Detroit
Bedrock's initiative is not just about innovation; it’s about revitalizing Detroit and creating a vibrant ecosystem that drives economic growth. The project includes a land swap that allows Bedrock to transform the site while honoring Detroit's entrepreneurial legacy. Plans also feature a central park to enhance community spaces.
Detroit Mayor Mike Duggan emphasizes the project's potential to strengthen the city’s position as a leader in high-tech medical research and innovation, contributing to a new gateway into downtown.
With a focus on collaboration and education, Bedrock's district aims to not only nurture startups but also attract international investment, ensuring a bright future for Detroit’s economy.
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