DETROIT - General Motors plans to move its iconic Detroit headquarters to a new downtown office tower and redevelop its home office site.
The company announced the news at a press conference Monday afternoon with the Bedrock real estate firm.
In addition, Bedrock, which owns multiple office buildings downtown, will join GM in studying redevelopment of the seven-building Renaissance Center now owned by GM, said the person, who asked not to be identified because the plans have not been formally announced.
GM CEO Mary Barra and and Bedrock Chairman Dan Gilbert made the announcement at the site of a new tower Bedrock is building on the site of the old Hudson’s department store in the heart of downtown.
The plan does not involve GM selling the RenCen, as the tower complex is known locally.
The complex is the centerpiece of Detroit’s skyline and often appears on sports television broadcasts.
GM bought the tower complex in 1996 and later moved its headquarters there from a site north of downtown.
It has housed the company ever since, so the move would mean the end of an era at the site.