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General Motors plans to move its Detroit headquarters down the street to the Motor City’s shiny new skyscraper complex currently under construction. The Renaissance Center has been GM’s home since it purchased the iconic towers in 1996. GM’s new home will be Hudson’s Detroit, a complex that has been underway since 2017 and should be complete later this year. Hudson’s is a development of billionaire and businessman Dan Gilbert.

Two skyscrapers offering office and retail space as well as a hotel and event venue are being constructed on the site of the former Hudson’s department store that was a Detroit landmark. It is downtown Detroit, about a mile from the RenCen which overlooks the Detroit River and the Canadian city of Windsor, Ontario. GM will not completely abandon the RenCen, though. The automaker reportedly will help with studies and plans to redevelop the office complex. A number of news outlets reported the story ahead of a planned press conference set for later today.

Among Gilbert’s companies are real estate company Bedrock and Rocket Mortgage.

The RenCen opened in 1977, developed out of an idea by Henry Ford II and mainly financed by the Ford Motor Company. GM relocated its headquarters to the complex in 1996 to consolidate employees. More towers were added over the years and in 2008 GM took advantage of the weakened real estate market to buy the Center.

The move means GM plans to remain part of the downtown landscape for years to come. Ford is headquartered in nearby Dearborn and Stellantis is in Auburn Hills.

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