Bedrock Reveals Mixed-use Plans for Monroe Block in Downtown Detroit

Bedrock, a full-service real estate firm in Detroit, has unveiled plans for the Development at Cadillac Square, a 1.5 million-square-foot mixed-use development situated between Monroe and Randolph streets, and east of Campus Martius Park and Cadillac Square.
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Bedrock has revealed its plans for the Development at Cadillac Square east of Campus Martius Park. // Courtesy of Gensler
Bedrock has revealed its plans for the Development at Cadillac Square east of Campus Martius Park. // Courtesy of Gensler

Bedrock, a full-service real estate firm in Detroit, has unveiled plans for the Development at Cadillac Square, a 1.5 million-square-foot mixed-use development situated between Monroe and Randolph streets, and east of Campus Martius Park and Cadillac Square.

The development will bring a new range of accessible options to live, work, dine, meet, and play to the community, while further connecting the central business district to surrounding points of interest, amenities, and neighborhoods.

“The Development at Cadillac Square leverages the potential of a central, yet underutilized footprint to further ignite downtown’s offerings,” says Kofi Bonner, CEO at Bedrock. “By enhancing overall access, options, and connectivity, we will continue to position Detroit as an energetic city which ultimately benefits the broader community and creates a vibrant core for today and well into the future.”

Plans for the 1.5 million square foot development include approximately:

  • 230,000 square feet totaling 250-280 new residential units
  • 90,000 square feet for a market hall, a grocer, restaurants, and other retail
  • 60,000+ square feet dedicated to entertainment offerings including the Albert Kahn-designed National Theatre along Monroe Street
  • 1,500-1,800 parking spaces
  • 400,000 square feet of Class A office space

The Development at Cadillac Square is subject to an Affordable Housing Agreement with the city of Detroit.

Additionally, the framework will honor the site’s legacy as Detroit’s premier Theater District. Bedrock will maintain its long-term commitment to preserve the National Theatre’s façade and utilize this historic, architectural gem as the gateway to a modern, world-class music and performance venue.

The development will progress in three phases to ensure that plans are tailored to suit market demand. Phase 1 is expected to begin Sept. 1, 2024 following the 2024 NFL Draft in April. Phase 2 will begin Oct. 1, 2026, with phase 3 commencing on Jan. 1, 2028.

Prior to the start of construction, the space will continue to host the Monroe Street Midway activations and programming. For two years, the Midway has been a downtown destination, introducing several firsts in the Central Business District like the drive-in movie theater, roller rink, and most recently, winter bumper cars.

It is also responsible for helping to attract more than 150,000 visitors to the city center. This spring, the Midway will return with free, family friendly events, including roller skating, mini-golf, and artwork from local Detroit artists.

Already a vibrant residential district, the Development at Cadillac Square will further amplify live-work-play opportunities, enhancing the growing entertainment, hospitality, dining, and retail scene.

For information about the Development at Cadillac Square, visit developmentcadillacsquare.com.

Bedrock is a full-service real estate firm founded in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties in Detroit and Cleveland, including landmark developments at the Hudson’s Site, the Book Tower restoration, City Modern, and the May Company Building.

Bedrock’s portfolio totals more than 19 million square feet of office, retail, and residential space within new construction and adaptive reuse projects.

For more information on Bedrock’s projects, visit bedrockdetroit.com.