Posts tagged with "quicken loans":

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Gensler takes over from SHoP on Cleveland’s Quicken Loans Arena redesign

Gensler has replaced New York firm SHoP Architects on the design for the Quicken Loans Arena in Cleveland, Ohio. SHoP had revealed its designs for the Cleveland Cavaliers' basketball stadium, known as "The Q," in December 2016. Work was scheduled to begin on the $140 million project the following year; however, work was delayed for a number of reasons. A spokesperson for Gensler confirmed to AN that Detroit-based stadia specialists Rossetti, who worked with SHoP on the original project, remain involved. Renderings given to AN by Gensler show the arena's overall design is mostly unchanged. Gensler's design team will come mostly from its Washington D.C. office and be spearheaded by Ryan Sickman, who holds the position of Firmwide Sports Practice Area Leader at the firm. Len Komoroski, the Cleveland Cavaliers and Quicken Loans Arena CEO, commented that Gensler was "well-positioned" for the "extensive transformation" of the 24-year-old arena. "Their experience and global foot print are a great match for this project and the image of Cleveland that will be projected around the world from The Q" he continued in a statement, adding: "The project is off to a great start and we look forward to seeing this unique, impactful transformation come to life." Surprisingly, another collaboration between the two firms wasn't on the cards, despite Gensler and SHoP having previously worked together on the Nassau Veterans Memorial Coliseum in Long Island, another stadium revamp. The former was completed almost exactly a year ago today. In 2013, SHoP's design for a New York City F.C. stadium in Flushing Meadows Corona Park was given the boot amid opposition. "I like the idea of a soccer venue in New York City… What I'm not crazy about is the fact that they want to take public park land in the process," said New York City Comptroller John Liu at the time regarding plans to plonk the 25,000-seat stadium on up to 13 acres in the park. After scouting the Bronx, Columbia University and Belmont Park in Nassau County, and failing to secure a stadium site, New York City F.C. is still on the hunt for a home. Despite only being 22 years old, the Quicken Loans Arena is one of the oldest facilities in use on the National Basketball Association circuit. SHoP's design featured a new glazed facade which stretches the stadium’s footprint closer to the street edge. This fenestration reveals an undulating arrangement of what appears to be wood panels which, given their location well inside the facade and north-facing orientation, don’t seem to serve any shading purpose. Aside from aesthetics, entrance and exit gangway areas will witness an increase in space, thus aiding circulation—a necessity considering The Q hosts more than 200 events every year.
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Quicken’s Dan Gilbert snaps up Detroit’s landmark Book Tower

Dan Gilbert, billionaire founder of Quicken Loans and champion of downtown Detroit commercial real estate, last week announced he will buy the long-vacant 38-story Book Tower skyscraper and two other adjacent buildings on Washington Boulevard. The latest in a series of acquisitions for Gilbert sizable portfolio under Bedrock Real Estate Services, the buildings will cost about $30 million total, to be paid to Vancouver-based AKNO Properties. That's for the 1926 Book Tower, the 13-story Book Building and an adjacent 2-story community center. Read our Q+A with Gilbert’s real estate partner Jim Ketai here. The Detroit Free Press quoted Gilbert as saying he's planning "a game-changing, mixed-use development.” The tower and the Book Building have been vacant since 2009, and renovations are expected to cost more than $100 million.
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Design Competition Reimagines Detroit’s Hudson’s Department Store Site

Submissions to the “Redesigning Detroit” competition matched the enthusiasm of its sponsor, Rock Ventures / Quicken Loans, in envisioning a future for the once iconic J.L. Hudson’s department store on Woodward Avenue downtown. Demolished 15 years ago, the 25-story tower left a physical and symbolic gap in the city’s urban fabric that the competition asked its entrants to repair. "You couldn't ask for a more exciting piece of property to redevelop, and one that can have such a profound impact on how Detroit feels about itself and sees itself," said Reed Kroloff, outgoing director of the Cranbrook Academy of Art and advisor on the competition. The juried competition garnered 200 submissions. Winners were awarded $15,000 for first place, $5,000 for second place and $2,500 for third place, but it’s unclear what will be built. Jim Ketai, who manages Dan Gilbert’s real estate entity, mentioned plans for two residential towers on the Hudson site in a Q&A with AN. The goal of the competition from the sponsor’s standpoint was apparently to get a conversation going. Per their usual MO, Rock Ventures made one stipulation: it had to include retail. Here are the winners: First Place: “MINICITY Detroit” Davide Marchetti and Erin Pellegrino; Rome, Italy  Second Place: “Detroit Entrepreneurial Center (DEC),” Efrain Velez, Juan Nunez, Marko Kanceljak; Kalamazoo, Michigan Third Place: “Highwave Detroit,” Team Rossetti/Metrogramma; Southfield (soon to be Detroit), Michigan   Three projects also won a public voting round, earning cash prizes of $2,500, $1,000 an $500 respectively: First Place: “Hudson’s Quarter,” Emilie M. Rottman and James G. Ramil; Washington DC Second Place: “Exten(D),” Extending Life in the D, Beyond the 9 to 5, Smith Group JJR-Diana Khadr, Tengteng Wang, Alexa Bush, Kyle Johnson, Jessie McHugh; Detroit, Michigan comm3 Third Place: “Blue Fountain Tower,” Salvador Parra Espinosa and Selene Serna Contreras, De San Bernadino; Toluca, Mexico
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Dan Gilbert Adds Two Towers to Detroit Real Estate Portfolio

1001 Woodward, on right Dan Gilbert, Quicken Loans founder and perennial champion of Detroit’s downtown real estate market, recently added two skyscrapers to his collection. The two towers are on Detroit’s Woodward Avenue. He acquired the 1916 Albert Kahn-designed Vinton Building (left) in December and scooper up the 1001 Woodward tower (right), built in 1965, this month. For more insight on the company’s real estate enterprise, which now totals 2.8 million square feet of commercial and residential space in Detroit, read our Q&A with Gilbert's real estate partner Jim Ketai here.