Tuesday, November 9, 2010

Quicken reportedly looking to buy Madison Building near Grand Circus Park

As its employees still settle into rented digs in the Compuware Building, Quicken Loans is reportedly considering purchasing additional office space in downtown Detroit to accommodate more workers who are still out in the 'burbs.

The Madison Building, which neighbors the Broderick Tower across from Grand Circus Park, is apparently  Quicken's target, despite other apparently false reports that indicate a different Madison Building a few blocks away on Washington Boulevard.

At any rate, the Madison Building that Quicken is apparently considering is recently renovated but small – at least compared to many other available offices in downtown Detroit. If it's true that Quicken winds up occupying the Madison, it's fair to wonder what the company's long-term plans are, since the rented space at Compuware has long been considered temporary.

Rumors persist that Quicken will wind up in the old United Artists Building on Bagley, essentially across the park from the Madison. We recently noticed work being done at the UAB, but workers have been tight-lipped about the project. With Quicken having so many affiliate companies (i.e.-Fathead, ePrize,...) perhaps the Madison will become the long-term home for one of them while Quicken settles into larger accommodations elsewhere.