Chicago-based Coyote Logistics, a UPS company, will expand its operations with the creation of a tech hub in Detroit’s Corktown neighborhood. A launch is set for this summer.
Coyote will be the anchor tenant in The Assembly, a Bedrock-owned former warehouse that is now a five-story, multi-use development. The company is expected to employ 500 people, 350 of which will be new positions.
“Detroit’s growing reputation as the Midwest’s hub for technology and innovation was a huge draw as we looked to expand Coyote’s operations,” says John Perkovich, vice president at Coyote. “As we continue to raise the bar in the logistics industry, we are proud to be doing so alongside so many other companies in Detroit who are leaders in their industries.”
The Assembly has nearly 80,000 square feet of office space, and Perkovich says Coyote will occupy 58,000 square feet, spanning the entire second and third floors. The nearly 160,000-square-foot building also includes 7,800 square feet of retail space and 32 apartments. It is located on the north side of West Fort Street between Rosa Parks Boulevard and 10th Street, one mile southwest of Campus Martius Park.
“Coyote is another excellent addition to the burgeoning Detroit tech community, which already is home to innovative local and national brands including Microsoft, LinkedIn, Twitter, WeWork, Snapchat, Amazon, StockX, Google, Autobooks, and more,” says Bill Emerson, CEO of Bedrock.
Cayote uses technology to optimize a centralized transportation marketplace, matching more than 10,000 shipments every day across a network of more than 50,000 carriers. It became a UPS company in 2015, adding UPS asset utilization and air and ocean freight to its portfolio.
Bedrock is a Detroit-based full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. It was founded in 2011 and has since invested and committed more than $5.6 billion to acquiring and developing more than 100 properties.