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October 23, 2026

Dan Gilbert pledges $1B to redevelop Detroit's Renaissance Center

  • The redevelopment could generate 8,000 construction jobs and transform the Detroit riverfront into a welcoming space.
    • By ALEX DANIELS
    The Chronicle of Philanthropy

    Photo via Hines [enlarge]
    The Renaissance Center in Detroit once housed the headquarters of General Motors. In recent years it has become almost entirely vacant.

    Dan Gilbert, the billionaire co-founder of Rocket Mortgage, says he will contribute $1 billion to the redevelopment of the Renaissance Center in Detroit, a set of skyscrapers that formerly housed the headquarters of General Motors. Set along the Detroit River, the center was hailed as a major success in revitalizing the city after riots in the late 1960s, but in recent years it has become almost entirely vacant and fallen into disrepair.


     
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