The City of Detroit Downtown Development Authority (DDA) recently approved a term sheet for a plan that will complete the circle of development around Campus Martius Park, including the Monroe Block, the block immediately northeast which contains the historical National Theatre building and the Bates Garage.
The Monroe Blocks conceptual design plan envisions a mixed-use development consisting of office, residential and retail space with ample parking and public spaces. The area is bounded by Randolph Street, Bates Street, Cadillac Square and Monroe Avenue.
The first phase, the Monroe Block, would contain 600,000 sq. ft. of space, including 35,000 sq. ft. of retail space, in a 20-story office tower. The second phase, the National Theatre block and Bates Garage, would contain 225,000 sq. ft. of space, including 25,000 sq. ft. of retail space, in a 16-story residential tower.
Rosko Development Company LLC, an affiliate of Bedrock Real Estate Services, is the developer.
Executive Vice President of Real Estate and Financial Services