GlobeSt.com - February 12, 2004
Accounting firm PricewaterhouseCoopers LLC says it plans to consolidate some 600 metropolitan area employees into a new office building next to Ford Field in the city. The Detroit-Wayne County Stadium authority has approved the project and construction could start in the next few months. Move-in could be in late 2005. The building would be located in an existing parking lot on the east side of the football stadium.
Terms of the transaction have not been disclosed, but similar new projects run in the $15-million to $20-million range. PricewaterhouseCoopers says the new building would be in the 125,000-sf range, probably about five stories.
The move is being forced in part because PricewaterhouseCoopers' current principal metro area office is getting a new occupant. The accounting firm is located in Tower 400 of the Renaissance Center. General Motors, which owns the RenCen, is planning to move its OnStar unit into the corporate headquarters, which prompted PwC to start looking. PwC also rents about 35,000 sf of office space in Bloomfield Hills, which it will vacate when its new Detroit building is ready. The new office building is the first major significant spin-off from Ford Field, which opened as the home of the Detroit Lions two years ago.
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