Redeveloping Downtown Detroit for Social Impact

Thu, Apr 25, 2019

On April 25th, Kumar Kintala and RJ Wolney of Bedrock spoke about Bedrock’s path-breaking role in redeveloping downtown Detroit. The talk was hosted by Matthew Kiefer and Sara Myerson, co-instructors of SES-5383: Developing for Social Impact.

Bedrock is a full-service real estate firm which began buying vacant office properties in downtown Detroit in 2011, and now owns 16 million square feet of space in 120 buildings. Kumar, the Director of Development at Bedrock, and RJ, Bedrock’s Director of Finance, described Bedrock’s origins and investment objectives, and presented several examples of Bedrock’s transformative mixed-use developments, which have been a major contributor to Detroit’s economic revitalization.

Bedrock recently began its first significant residential development, the eight-acre City Modern, an award-winning, mixed-income, public-private partnership that they featured in their talk.