Monroe Block Development

[313WX]

Not to be a debbie downer, but some big time tech companies are having their employees stay home basically forever [[Twitter). This seems to be the "cool" thing to do to keep young employees happy. Quicken wants that type of talent. I'm in a wait and see approach, but still fairly strongly feel office demand downtown is going to take a significant hit from this.

Nonetheless, unexpected good news about the Monroe Block there. Would love to be proven wrong.

The tech industry has a completely different culture.

Detroit's companies, conversely, have a very old school mindset. AIS is the expectation.

[Atticus]

The tech industry has a completely different culture.

Detroit's companies, conversely, have a very old school mindset. AIS is the expectation.

One other aspect to keep in mind:

If a worker never has to report to the office, then theoretically it doesn’t matter where they live. As long as they have an Internet connection, they could live in Hawaii and still “work” in One Campus Martius.

And while that may not matter to a business itself [[provided the worker can get the job done), it does matter to Bedrock/Gilbert. Given the residential and first floor commercial space they own, Bedrock’s is at an advantage to have people living, eating, and reporting to the office in Downtown Detroit. Even if it is only for a day a week, having that report to the office setup keeps workers tethered to downtown, which Gilbert obviously wants.

[EGrant]

And while that may not matter to a business itself [[provided the worker can get the job done), it does matter to Bedrock/Gilbert. Given the residential and first floor commercial space they own, Bedrock’s is at an advantage to have people living, eating, and reporting to the office in Downtown Detroit. Even if it is only for a day a week, having that report to the office setup keeps workers tethered to downtown, which Gilbert obviously wants.

Exactly, the tech companies don't care about investing in Palo Alto and San Francisco all that much.

[Atticus]

If the 535’ height holds, this tower would become Detroit’s 5th tallest.

1- RenCen [[727’) 2- Hudson’s [[680’). 3-Ally [[619’). 4- Penobscot [[565’). 5- Monroe Tower [[535’)

[Gistok]

If the 535’ height holds, this tower would become Detroit’s 5th tallest.

1- RenCen [[727’) 2- Hudson’s [[680’). 3-Ally [[619’). 4- Penobscot [[565’). 5- Monroe Tower [[535’)

An interesting footnote on building height. The RenCen is 727 ft. from it's main entrance, but 748 ft. tall from it's back [[Winter Garten) entrance.

Also the Penobscot Building is 654 ft. tall to the top of the red beacon.

[NSortzi]

If we’re counting antennas, the Marriott at the RenCen is 755’ and the Penobscot is still the second tallest in Michigan.