May 18, 2015 UPDATED 29 MINUTES AGO
Gilbert buys David Stott, Clark Lofts buildings from Chinese investors

The vacant buildings, in need of 'substantial repairs,' will be renovated.

By KIRK PINHO
Add the David Stott Building and the Clark Lofts in Detroit’s Capitol Park district to Dan Gilbert’s real estate portfolio. Gilbert’s Bedrock Real Estate Services LLC confirmed that it purchased the two buildings from the Chinese investment group DDI Group, which bought them at auction in 2013. In a statement, Bedrock said that it will renovate and manage the two buildings. “We look forward to bringing new life to these beautiful properties which are in need of substantial repairs,” Jim Ketai, managing partner and CEO of Bedrock, said in the statement.
http://www.crainsdetroit.com/article...nese-investors
Didn't see this coming glad these building are in hands of someone who'll do something with them.