Fox News Flash top headlines for April 15
Fox News Flash top headlines are here. Check out what's clicking on foxnews.1eye.us.
- General Motors scheduled a Monday afternoon news conference to announce its intent to move its Detroit headquarters.
- GM's main office will be relocated to the tower currently being constructed at the site of the old J. L. Hudson Building, a department store demolished in 1998.
- Bedrock, a real estate firm that owns multiple office buildings in Motor City's downtown, will also join GM in examining redevelopment of the Renaissance Center.
General Motors plans to move its iconic Detroit headquarters to a new downtown office tower and redevelop its home office site, a person briefed on the plans said.
The company has scheduled a news conference Monday afternoon with the Bedrock real estate firm to announce the plans, the person said.
In addition, Bedrock, which owns multiple office buildings downtown, will join GM in studying redevelopment of the seven-building Renaissance Center now owned by GM, said the person, who asked not to be identified because the plans have not been formally announced.
FORD DRAMATICALLY SCALES BACK EV PLANT AMID PLUMMETING SALES IN BLOW TO BIDEN'S GREEN ENERGY GOALS
GM CEO Mary Barra and Bedrock Chairman Dan Gilbert will attend the news conference at the site of a new tower Bedrock is building on the site of the old Hudson's department store in the heart of downtown.
The person said that GM's main office would move to the Hudson's tower.
The plan does not involve GM selling the RenCen, as the tower complex is known locally. The complex is the centerpiece of Detroit's skyline and often appears on sports television broadcasts.
GM bought the tower complex in 1996 and later moved its headquarters there from a site north of downtown. It has housed the company ever since, so the move would mean the end of an era at the site.
The General Motors world headquarters building stands tallest amidst the Renaissance Center in the skyline of the city's downtown on November 21, 2008, in Detroit, Michigan. (Photo by Spencer Platt/Getty Images)
Gilbert's Bedrock has been buying up properties downtown for many years and has led its rebirth. He also runs loan company Rocket Mortgage.
In a 2022 interview, Barra told The Associated Press that GM will keep its main office in the RenCen complex just across the Detroit River from Canada.
But she qualified her statements, saying she can't predict what might happen in five, 10 or 15 years. Since then, about 5,000 white-collar workers at GM took early retirement buyouts, and may workers are still on a hybrid office-home work schedule, so GM needs less office space.
"Our headquarters will always be in Detroit, in the RenCen," she said, using the name given to the complex by locals. "Right now the plan is for it to be at the Renaissance Center. That’s our home," she said.
The company takes up about 1 1/2 of the RenCen’s towers, which have seen little pedestrian traffic for years. Much of GM’s work force, including product development and engineering, is north of the city at an updated 1950s technical center in suburban Warren. After GM’s 2009 bankruptcy, the company considered moving the headquarters there.
"As we move to having more of a hybrid work structure, we have to look at what’s the right space," Barra said.
She also hinted in the interview that GM would explore riverfront development opportunities with the city.
The Renaissance Center was built by Henry Ford II, who formed a coalition in the 1970s in an effort to reinvigorate Detroit’s downtown.
CLICK HERE TO GET THE FOX NEWS APP
Bedrock announced last week that the final structural steel beam had been put in place on the Hudson's tower, which is expected to have 1.5 million square feet of retail, office, dining, hospitality and residential space. The new tower is about a mile north of GM's current headquarters.
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
