Gm, Hines, Partner to Build Condominiums on the Detroit River

Hines, the international real estate firm, and Generalarchitect, and The Kramer Group, interior design
Motors are currently collaborating to develop sixconsultants which have been both contracted for the
acres fronting on the Detroit River directly east ofproject.
GM's global headquarters at the Renaissance Center.The Hines-GM developments will anchor the Detroit
According to a press release from the automaker,RiverWalk, a five-mile lineal park along the river which
the mixed-use development in downtown Detroit'swill ultimately span from the Ambassador Bridge to
best riverfront location will be largely residential,beyond the MacArthur Bridge at Belle Isle into Gabriel
designed to take advantage of premier waterfrontRichard Park. The RiverWalk offers beautiful, natural
property which offers spectacular views along withlandscaping, and a place to walk, jog, or bike while
the many amenities offered in the GM Renaissanceenjoying the view.
Center.A variety of amenities for this upscale project,
Hines will be financing and will lead the construction ofincluding retail, restaurants, a fitness center, banking,
the condominium development on GM's surplusvalet parking, a post office and a movie theater will
property. GM on the other hand, will receive a portionall be provided by the GM Renaissance Center, along
of future revenues from residential sales with itswith a 24-hour security for condominium residents.
contribution of the property for the project.A date for announcing specific development plans
Additional development partners are likely to beand construction schedules has not yet been
included in the project, including Built Form, a designdetermined.