Dan Gilbert has acquired yet another building in Detroit.
Bedrock, his real estate company, announced today it has acquired the former Detroit Free Press building at 321 W. Lafayette and plans to redevelop it for mixed use. The company says it will keep many of the buildings historic and architectural elements.
The building was purchased from the Chinese investment group, DDI, which bought it at auction in 2013. Bedrock also bought the Dave Stott Building from that company.
The old 14-story, 300-square-foot Free Press building was designed by Alfred Kahn in 1925. It has been empty for nearly 20 years, since the Detroit Free Press moved into the Detroit News building down the street in 1998.
Bedrock owns more than 90 buildings downtown.