Hudson's Site Building Thread

**ABetterDetroit** · June-09-20, 09:15 PM

Some just complain...Others get things done. Thanks 48307.

That’s much better than peeking through the fence on Gratiot!

https://youtu.be/4CuESxeNNtY

**David L** · June-10-20, 02:48 PM

The timer is still on the fritz! Only capturing last few minutes of the shift!

**Scottathew** · June-10-20, 03:32 PM

Originally Posted by David L

The timer is still on the fritz! Only capturing last few minutes of the shift!

The video from yesterday is a partial video due to the computer being offline for most of the day. The video for today [[which automatically posts later in the evening) should be a complete video.

We should have a full video today!

**Jason** · June-10-20, 07:38 PM

Thanks!

**leland_palmer** · June-10-20, 07:42 PM

**bigboat** · June-12-20, 04:03 AM

Watching the full video from June 11 indicated a caisson hole that required at least 20 transit mix cement trucks to fill up the hole until the video ended. We are ever so slowly making progress. I see that Quicken Loans is considering an IPO. Great for Dan Gilbert, but not necessarily good for Quicken. As what has happened to many other companies, some group of investors purchase a majority stake, run the company in the ground, think Art Van and then sell it off in pieces. It is then good bye Detroit and all of the wonderful things Dan Gilbert has done and still trying to do within the city.

**313WX** · June-12-20, 06:52 AM

Originally Posted by bigboat

Watching the full video from June 11 indicated a caisson hole that required at least 20 transit mix cement trucks to fill up the hole until the video ended. We are ever so slowly making progress. I see that Quicken Loans is considering an IPO. Great for Dan Gilbert, but not necessarily good for Quicken. As what has happened to many other companies, some group of investors purchase a majority stake, run the company in the ground, think Art Van and then sell it off in pieces. It is then good bye Detroit and all of the wonderful things Dan Gilbert has done and still trying to do within the city.

To clarify, an IPO simply means that a company will start to trade on the stock market so that the general public is able to invest in the company and receive dividends, similar to what happened with Twitter and Facebook.

It's different from what happened with Art Van, which was purchased outright by a venture capital firm.

That said, the concern you raise would still be valid. I'm not sure if Bedrock as a whole is going public or just Quicken, but it will be a lot harder for Gilbert to justify his grandiose projects such as the Hudson site once he has to start answering to shareholders.

**Seven&wyo** · June-12-20, 06:52 AM

Originally Posted by bigboat

Watching the full video from June 11 indicated a caisson hole that required at least 20 transit mix cement trucks to fill up the hole until the video ended. We are ever so slowly making progress. I see that Quicken Loans is considering an IPO. Great for Dan Gilbert, but not necessarily good for Quicken. As what has happened to many other companies, some group of investors purchase a majority stake, run the company in the ground, think Art Van and then sell it off in pieces. It is then good bye Detroit and all of the wonderful things Dan Gilbert has done and still trying to do within the city.

Ah yes comparing Quicken Loans an online mortgage company and Art Van a furniture store. Kind of like comparing apples to bricks.

Makes all the sense in the world

**bigboat** · June-12-20, 09:07 AM

Originally Posted by Seven&wyo

Ah yes comparing Quicken Loans an online mortgage company and Art Van a furniture store. Kind of like comparing apples to bricks.

Makes all the sense in the world

A business is a business no matter what they specialize in, Do you maybe remember what happened to Bendix Corporation and or Burroughs, both swallowed. What happened to Compuware?

**Gistok** · June-12-20, 09:46 AM

Originally Posted by bigboat

A business is a business no matter what they specialize in, Do you maybe remember what happened to Bendix Corporation and or Burroughs, both swallowed. What happened to Compuware?

Comparing anything to Compuware is not a good comparison. It mostly provided software support [[contract employees) to mainframe computer systems. This was already being outsourced to India by the new millennium, so their share of the business was continually decreasing. Their mainframe software sales is what kept them on life supports for a while.

If Gilbert keeps 51% ownership, then Quicken Loans is still majority owned by him. As for what he does with his non-Quicken money [[rebuilding the city) will not be the concern of Quicken shareholders.

**JonWylie** · June-12-20, 09:57 AM

Originally Posted by Gistok

Comparing anything to Compuware is not a good comparison. It mostly provided software support [[contract employees) to mainframe computer systems. This was already being outsourced to India by the new millennium, so their share of the business was continually decreasing. Their mainframe software sales is what kept them on life supports for a while.

If Gilbert keeps 51% ownership, then Quicken Loans is still majority owned by him. As for what he does with his non-Quicken money [[rebuilding the city) will not be the concern of Quicken shareholders.

Yeah I'm not sure why everyone thinks this will be the end of Gilbert and Quicken as a duo. A lot of big private companies that IPO retain majority ownership and thus majority voting rights to a select few people or even one person. At very least, you will likely see Gilbert and a few high execs still running the show. Facebook went public yet Zuckerberg still runs the show.

**Satiricalivory** · June-12-20, 10:44 AM

I wouldn't say everybody thinks that it's really just a handful of loud folks.

Going public is the goal of most companies and really a sign of Quicken graduating. The truth is a bunch of people in Detroit are about to have a ton of money to play with because of this IPO similar to when Uber went public. It will likely be the biggest IPO of this year.

This is the company Dan built from scratch in his early twenties there's no way him or his family aren't going to have a major share.

**CR75** · June-12-20, 04:54 PM

Originally Posted by bigboat

As what has happened to many other companies, some group of investors purchase a majority stake, run the company in the ground, think Art Van and then sell it off in pieces.

You are confused. A takeover by a private equity fund is completely different from an IPO.

**JK313** · June-18-20, 04:42 PM

https://detroitmi.gov/sites/detroitm...s%20signed.pdf

Based on this document from the board of zoning appeals, it looks like we have the finalized heights for the tower and block.

Tower: 680ft 49 stories
Block: 232ft 11 stories

**Dexlin** · June-18-20, 07:11 PM

I imagine this is from when the media reported this height from months ago when Bedrock decided to announce the change.

The Block height, however, has not changed.

**EGrant** · June-19-20, 07:07 AM

https://skyscraperpage.com/diagrams/?cityID=471

Looking at the height diagram, 207 meters will still be a pretty significant addition to the skyline, and hopefully an even better addition to the street activity on a key part of Woodward.

**Satiricalivory** · June-19-20, 10:21 AM

So just barely below the height of the Ren Cen. I really dont understand why they made this move honestly. Why hype a new tallest for years just to go barely below Detroit's tallest building? Why would they not just go slightly above? Just to say it's a new tallest at least and take the crown, lord knows they have the money.

**313WX** · June-21-20, 07:03 AM

Originally Posted by Satiricalivory

So just barely below the height of the Ren Cen. I really dont understand why they made this move honestly. Why hype a new tallest for years just to go barely below Detroit's tallest building? Why would they not just go slightly above? Just to say it's a new tallest at least and take the crown, lord knows they have the money.

Easy to say when it's not our money...

**Scottathew** · June-21-20, 07:01 PM

I would rather they spend the money wisely than vainly.

**Wheels** · June-23-20, 08:22 AM

Originally Posted by Satiricalivory

So just barely below the height of the Ren Cen. I really dont understand why they made this move honestly. Why hype a new tallest for years just to go barely below Detroit's tallest building? Why would they not just go slightly above? Just to say it's a new tallest at least and take the crown, lord knows they have the money.

Maybe they know something we don’t? Maybe someone is planning an even taller project?

**401don** · June-23-20, 08:45 AM

Originally Posted by Wheels

Maybe they know something we don’t? Maybe someone is planning an even taller project?

Cool. An even bigger hole!

**Satiricalivory** · June-23-20, 09:55 AM

Originally Posted by Wheels

Maybe they know something we don’t? Maybe someone is planning an even taller project?

lol I highly doubt it.

**southen** · June-24-20, 03:41 PM

Not sure if this is the best spot for this but it is a development that is related to both Hudson's and Monroe blocks, thus why it is dubbed Hudroe, but it looks like there will be a utilities building built to help with the new structures.

Found it on the Inform website: https://www.in-formstudio.com/hudroe...utility-plant/

Looks like they wanted to keep it sort of under wraps but wanted to share their designs. It says undisclosed location but between the name and renderings it is pretty damn obvious where this will be going. If it comes to fruition I think it could be a cool addition as long as there is an emphasis on design and the arts. Thoughts?

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**Scottathew** · June-24-20, 04:16 PM

For those of you that can't place it, it's bounded by Gratiot, Randolph, and Mornoe. It's on the north side of the One Campus Martius [[Compuware) parking garage.

If anyone could expand on what a Central Utility Plant would be, that would be great. Is it owned by DTE? The city? Gilbert?

Thanks!

**JTburner** · June-24-20, 04:45 PM

@ 48307 -

If I'm not mistaken, this will be taking the place of the old JL Stone and The Broadway storefronts. If that's the case, it looks like Gilbert must be involved [[https://www.detroitnews.com/story/ne...se/1059633001/)

Landgrid.com shows that City of Detroit Planning and Development Department owns one of the four parcels here, with PMB Holdings owning the other three. If I had to guess, this is going to be a public-private partnership with bedrock and the city, maybe leasing to a utility company. PMB Holdings is registered by the same agent who sets up all Bedrock's other LLCs

https://landgrid.com/us/mi/wayne/det...detroit/182146