GM RENAISSANCE CENTER

Transcription

1 Photo: John F. Martin Photography

2 SITE OVERVIEW The GM Renaissance Center is the most recognized landmark in the region. Rising 73 stories above the Detroit River, the Ren Cen anchors the Detroit skyline and riverfront. CENTER of the BUSINESS DISTRICT Composed of three interconnected buildings (Renaissance Center, Millender Center and River East Center), this class A mixed-use complex is in excess of 6.5 million SF of dining, retail, entertainment, residential, office and lodging space. SOCIAL CENTER The GM Renaissance Center is at the heart of the Detroit entertainment scene with signature restaurants, more than 150 major onsite events annually and easy access to major sporting events, concerts and theatre, casinos and festivals year-round. Connect with 5 million plus visitors annually at the Renaissance Center. CONNECT For the 20,000-25,000 daily visitors, the Ren Cen is truly Michigan s premier address. FOR MORE INFORMATION, VISIT OUR WEBSITE AT:

3 Office workers, visitors and downtown residents can find an essential mix of speciality shops, services and dining conveniently located in the complex. With 165,000 SF of space, this is the largest retail destination in the City. CASUAL DINING 1,100-seat food court featuring a dozen vendors Starbucks, Coffee Beanery, Potbelly Sandwich Works, Tim Hortons and many more SIGNATURE RESTAURANTS Joe Muer Seafood Andiamo Detroit Riverfront Coach Insignia (71st and 72nd floors) RETAIL 12,000 SF RenCen Fitness Center CVS Post Office Multiple financial institutions ENTERTAINMENT Ren Cen 4 Theaters GM Wintergarden hosting corporate, charity and community functions 44,000 square foot GM Showroom with 39 new and speciality cars on exhibit

4 OFFICE This Class A office complex is composed of six towers totaling 3,000,000 SF of office space, with onsite 24-hour security. The office component recently reached ± 95% occupancy rate which equals ± 11,500 of the total ± 13,000 employees. Marquee Tenant Base: General Motors Global HQ OnStar Ally Financial Deloitte Blue Cross Blue Shield of Michigan Consulate - General of Canada Urban Science Digitas Dykema Gossett Additionally, the 750,000 SF Coleman A. Young Municipal Center is connected to the complex via a covered pedestrian skywalk. This facility is home to an additional 4,000 employees and daily visitors.

5 RESIDENTIAL LODGING LIVE Millender Center Apartments units VISIT Detroit Marriott at the Renaissance Center - 1,298 guest rooms Courtyard Detroit Downtown guest rooms MEET Renaissance Center Conference Center - Executive Conference Experience - 22,000 square feet guest capacity GM Learning Center - Training and Development Center - 31,000 square feet Detroit Marriott at the Renaissance Center - 100,000 square feet of meeting space with seating for 2,200

6 SITE PLAN RIVER EAST CENTER Office: Two towers totaling 615,000 SF Childtime Day Care Estimated Employee Count: 3,700 Office: Four towers totaling 2.3 million SF Marriott Hotel: 1,298 guest rooms Estimated Employee Count: 9,100 MILLENDER CENTER COLEMAN A. YOUNG MUNICIPAL CENTER 750,000 SF 2,000 employees Courtyard by Marriott Hotel: 260 guest rooms Millender Center Apartment: 339 units Estimated Employee Count: 200 P PARKING AND MASS TRANSIT Parking: 11,178 spaces V Valet: 4 stations M Two People Mover stops

7 CENTRAL BUSINESS DISTRICT AERIAL MOTOR CITY CASINO & HOTEL Woodward Avenue FOX THEATRE COMERICA PARK FORD FIELD WESTIN BOOK CADILLAC HOTEL DETROIT OPERA HOUSE GREEKTOWN CASINO & HOTEL MGM GRAND CASINO & HOTEL 75 Gratiot Avenue 375 MILLENDER CENTER Courtyard by Marriott Hotel: 260 guest rooms Millender Center Apartment: 339 units Estimated Employee Count: 200, Jefferson Avenue CAMPUS MARTIUS PARK JOE LOUIS ARENA BORDER CROSSING TO CANADA RIVER EAST CENTER Office: Two towers totaling 615,000 SF Childtime Day Care Estimated Employee Count: 3,700 RIVERFRONT APARTMENTS COBO CENTER HART PLAZA COLEMAN A. YOUNG MUNICIPAL CENTER 750,000 SF 2,000 employees Office: Four towers totaling 2.3 million SF Marriott Hotel: 1,298 guest rooms Estimated Employee Count: 9,100

8 METRO DETROIT MARKET The Metro Detroit market is located in Southeast Michigan centered around the city of Detroit and ranks as the 12th most populated MSA in the United States, with a population of 4,296,250. Metro Detroit has made Michigan s economy a leader in information technology and advanced manufacturing with over 70,000 employees in the automotive industry. Home of the Big Three American automakers (General Motors, Chrysler and Ford), Detroit is the world s traditional automotive center and a key pillar of the U.S. economy. Metro Detroit is one of twelve U.S. metropolitan areas to have professional teams from the four major North American sports. The Detroit Lions, Detroit Red Wings and Detroit Tigers are located within the Detroit Central Business District while the Detroit Pistons are located in the northern suburb of Auburn Hills. About 15.9 million people visit Metro Detroit annually, spending an estimated $4.8 billion. Metro Detroit contains a number of shopping malls, including the upscale Somerset Collection in Troy, Twelve Oaks in Novi and the Great Lakes Crossing outlet mall in Auburn Hills, with all three being major draws for tourists. Somerset Collection is among the top 10 mall properties in the United States. Other notable street-side shopping districts include the downtown areas of Birmingham, Royal Oak and Northville. GREAT LAKES CROSSING OUTLET MALL TROY RETAIL & DINING BIRMINGHAM RETAIL & DINING TWELVE OAKS MALL NORTHVILLE RETAIL & DINING FAIRLANE TOWN CENTER FORD HQ PALACE OF AUBURN HILLS CHRYLSER GROUP HQ FORD FIELD COMERICA PARK JOE LOUIS ARENA VILLAGE OF ROCHESTER HILLS PARTRIDGE CREEK LAKESIDE MALL SOMERSET COLLECTION ROYAL OAK RETAIL & DINING GM RENAISSANCE CENTER

9 DOWNTOWN DETROIT MARKET Nicknamed the Motor City Detroit is the center of the Automotive Industry, and the regions entertainment hub. An estimated 85,000 people work in downtown Detroit, making up one-fifth of the city s employment base. Detroit fares well as a fortune 500 headquarters with companies such as General Motors, DTE Energy; Quicken Loans, and Blue Cross Blue Shield of Michigan who recently relocated its headquarters as well as 4,000 employees to downtown Detroit. In 2011, Forbes Magazine called Detroit one of the best places for business as the city continues to attract top companies. Downtown Detroit has increased its role as an entertainment hub in the 21st century fueled by three casino resort hotels, three professional sports stadiums, four performing arts theaters, a revitalized riverfront, state of the art cruise ship dock, and a new river walk have spurred economic development in downtown Detroit. DEMOGRAPHIC DATA CBD Ren Cen Daytime Population 85,000 13, Estimated Residential Population 6, Hotel Room Count 4,885 1,558 CBD Annual Visitors Entertainment (Total) 15,000,000 Stadiums 4,362,900 Festivals (Total) - Freedom Festival - Boat Races - Rockin Riverfront Major Conference/Expo (Total) - North American International Auto Show 4,800,000 3,500, ,000 80,000 1,200, ,000

10 DOWNTOWN INVESTMENT Educational / Civic Projects Educational / Civic Projects 1. Cobo Center 2. Campus Martius Park 3. Wayne County Jail 4. New Detroit Police Headquarters 5. River Walk 1. Cobo Center 2. Campus Martius Park 3. Wayne County Jail 4. New Detroit Police Headquarters 5. River Walk 6. Grand Circus Park 7. Capital Park Office / Retail Projects Office / Retail Projects 6. Detroit Building 7. David Stott Building 8. Compuware Building 9. Jefferson Building 10. Blue Cross Blue Shield of Michigan Bldg 11. First National Building 12. Chase Tower 13. GM Renaissance Center 14. Dime Building 8. Detroit Building 9. David Scott Building 10. Compuware Building 11. Jefferson Building 12. Blue Cross Blue Shield of Michigan Bldg. 13. First National Building 14. Chase Tower 15. GM Renaissance Center 16. Dime Building Hotel / Entertainment Projects Hotel / Entertainment Projects 17. MGM Grand 18. Greek Town 19. Aloft Hotel Detroit 20. Fort Shelby 21. Westin Book Cadillac Hotel 22. Hilton Garden Inn 23. The Leland Hotel 24. Motor City Casino 25. Crown Plaza 26. Detroit Firehouse Hotel 27. Buffalo Wild Wings 15. MGM Grand 16. Greek Town 17. Double Tree Hotel 18. Fort Shelby 19. Westin Book Cadillac Hotel 20. Hilton Garden Inn 21. The Leland Hotel 22. MotorCity Casino Residential Projects Residential Projects 28. Broaderick Tower 29. Vinton Building 30. Cary Building Lofts 23. Broderick Tower 24. Vinton Building Transportation Projects Transportation Projects 31. Port Authority 32. Rosa Parks Transit Center 33. Blue Cross Blue Shield Parking Structure 34. Two Detroit Center 35. M-1 Rail Street Car 25. Port Authority 26. Rosa Parks Transit Center 27. Blue Cross Blue Shield Parking Structure Mixed Use Projects Mixed Use Projects 28. Detroit Free Press Building 29. Cadillac Centre Woodward 31. Paradise Valley District 32. Virgil Carr Cultural Center 33. Kales Building 36. Detroit Free Press Building 37. Cadillac Centre Woodward 39. Paradise Valley District 40. Virgil Carr Cultural Center 41. Kales Building 42. Madison Theater Building 43. Small Plates Building Stadiums Stadiums 44. Ford Field 45. Comerica Park 46. New Olympia Stadium Development 34. Ford Field 35. Comerica Park TOTAL COMPLETED, ACTIVE, AND PLANNED INVESTMENT IN THE CBD: $6,265,000,

11 THE BUZZ Detroit Named the Fastest Growing Market in the US for High-Tech Jobs Detroit is one of 15 major cities across the country with emerging - Site Selection Magazine downtowns where college educated workers between the ages of 25 and 34 have flocked, instead of heading into the suburbs, in the past decade Well-Positioned For Growth in Green and Advanced Manufacturing - Moody s, Forbes, 2013 Detroit Ranks 14th on List of 100 Great Things About America Campus Martius Park named one of the greatest public spaces in the - Fortune Magazine, 2011 United States Michigan Leads the Nation in Announcments of - American Planning Association, 2012 Research and Development Facility Projects Michigan s $337 billion economy has outperformed the - Site Selection Magazine broader U.S. economy in the recovery from the recession Best Places for Businesses - U.S. Bureau of Economic Analysis, Forbes, 2011 Detroit ranked first in the nation in advanced automotive sector employment and number of people working in architectural and engineering occupations - Automation Alley, 2013 Auto Industry Expected to Add 33,000 Jobs in Michigan - Auto News, 2011 Expansion in the Motor Vehicle Industry Will Boost the Detroit Economy Over the Next Few Years - The Top 7 in U.S. Cities to Find an IT Job Moodys, Forbes, 2011 Photo: John F. Martin Photography

12 FOR RETAIL INFORMATION, CONTACT: Scott Young First Vice President T scott.young@cbre.com Dave Long Senior Associate T dave.long@cbre.com 2013 CBRE, Inc. We obtained the information from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty, or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. CBRE, CB Richard Ellis and the CBRE CB Richard Ellis logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.