Bedrock, a real estate development company focused on comprehensive city-building initiatives in Detroit and Cleveland, on Friday announced that after five years as CEO, Kofi Bonner will be retiring from the company at the end of 2025.
Bonner joined Bedrock as CEO in August 2020, steering the company through a critical time in its history.
Jared Fleisher will be joining Bedrock, effective immediately, as president and will transition to CEO upon Bonner’s departure.
Fleisher was most recently vice president of ROCK, the Gilbert’s Family Office, where his responsibilities included serving as senior advisor to Dan Gilbert on commercial real estate and economic development strategy.
Fleisher first started working with Gilbert’s Family of Cos. 15 years ago, and has served in various senior roles for more than a decade.
“When Kofi arrived, we were in the midst of the COVID-19 pandemic,” says Gilbert, founder and chairman of Bedrock. “Residents were staying home, the streets were empty, and the future was anything but certain.
“Today, Detroit and Cleveland’s urban cores are models of revitalization. Detroit is consistently being ranked a top place to visit. Book Tower has been named one of the world’s most beautiful, repurposed buildings. Hudson’s Detroit has redefined the skyline. Cleveland’s riverfront is actively being transformed. The list goes on. I will always be grateful to Kofi for what he has accomplished during his time at Bedrock.”
Bonner says “it has been an honor to lead Bedrock through such an important time in its history. Bedrock is no ordinary real estate company. Rather, it is the embodiment of Dan Gilbert’s extraordinary commitment to uplift two great American cities. My goal in joining Bedrock was to usher the company through a period of great disruption and lay the foundation for its next frontiers — from the entertainment district at Cadillac Square, to the innovation district on the Gratiot Site, and of course, along the Detroit and Cleveland riverfronts.
“Because of the talent and dedication of Bedrock’s team members, we have accomplished more than I could have imagined. I could not be more confident in the future of this noble organization and the iconic cities that it serves.”
Bedrock is an award-winning real estate developer focused on comprehensive city building initiatives in Detroit and Cleveland. Its work includes creating iconic cityscapes, rehabilitating historic properties, and making space for the community.
Since 2011, Bedrock has invested and committed more than $7.5 billion to develop and restore more than 140 properties, totaling over 21 million square feet of office, retail, residential, hospitality, industrial, data centers, and parking.
In 2024, Bedrock was named one of the world’s Most Innovative Companies by Fast Company.
For more information, visit bedrockdetroit.com/.
