Gilbert SELLS building in capitol park

[Hypestyles]

Is the building that's just been sold already fully renovated? Lear will only occupy one floor? What other groups can occupy the upper floors?

[mwilbert]

Is the building that's just been sold already fully renovated? Lear will only occupy one floor? What other groups can occupy the upper floors?

I didn't see anything that indicated that Lear would only occupy one floor. It would be a little unusual for them to buy the building if they only planned to use one floor, and the other things I read about it sounded like they had plans for the whole building--it isn't that big in the first place.

From Crain's:

Lear plans to make the nearly 130-year-old building its Innovation and Design Center, where there would be facilities for automotive innovation, a nonautomotive business incubator, think tank, creative design studio, an art gallery, Lear executive satellite offices, conference and meeting space and a rooftop garden, according to Bedrock and Lear.

In addition, Lear will open its space to College for Creative Studies students to work with Lear employees on fabric, leather and sewing projects for car seating and interiors, plus some nonautomotive uses; and to Wayne State University students working on electrical distribution systems and capabilities, including connected cars and alternative energy, Matt Simoncini, president and CEO of Lear, said in a statement.

Elsewhere they said they would be doing extensive renovation, and that the ability to do that was one of the main reasons they bought the building instead of leasing it.