March 6, 2018 (DETROIT) – Due to the tremendous success of this winter’s Downtown Detroit Markets, a similar concept will return this spring and summer to welcome more small businesses to the heart of the city, allowing local entrepreneurs to test market their concepts before investing in long-term brick-and-mortar spaces. More than 50 artists, makers, entrepreneurs and small businesses will be chosen to receive a five-month residency in one of two prime locations. Bedrock and the Quicken Loans Community Investment Fund have created the markets and activations as part of their ongoing commitment to drive entrepreneurship and diverse retail, food, beverage and art focused offerings within the city.
Applications are open now through Sunday, March 18, 2018 for the Downtown Detroit Markets, which will be open from April-September, 2018. This upcoming season, the markets will have a particularly strong focus on bringing new food, beverage and art vendors into Detroit.
“We were very pleased with the success of the Downtown Detroit Markets this winter and are thrilled to welcome new vendors this upcoming season. We are continuing to use this market strategy as a unique way to give these local entrepreneurs an opportunity to sell their products and showcase their brands,” said Francesca George, Director of Tenant Relations & Experience at Bedrock. “We will continue to deliver a one-of-a-kind experience throughout the city with new dining, beverage, retail and entertainment options.”
From November to January, 38 unique businesses set up temporary retail vignettes in Capitol Park, Cadillac Square, 1001 Woodward and Spirit Plaza. These entrepreneurs generated over $2 million in sales, exceeding all expectations. Detroit residents and visitors from across the world, spanning from Japan to Australia, all experienced “Winter in Detroit” like never before. The energy in downtown Detroit this winter was indescribable as 1001 Woodward alone welcomed more than 30,000 guests over a two month period. Everything from custom jewelry, to specialty popcorn to vintage clothing—there was a wide variety of options for shoppers downtown this winter.
“The Downtown Detroit Markets was an incredible experience for my business this past winter. The exposure I received from being in this unique set-up in downtown Detroit brought a new energy and light to ‘Re-Up Design’,” said Sadie Frances, Founder of Re-Up Design Co, which creates greeting cards from recycled materials. “The retail scene is exciting in Detroit and I am a part of it as a result of this opportunity.”
The Downtown Detroit Markets are part of Bedrock and the Quicken Loans Community Investment Fund’s commitment to bring entrepreneurial ideas to action, strengthen small businesses, activate public space, support community creativity and continue to establish downtown Detroit as a premier shopping destination.
Market Vendor Selection and Application Timeline for Spring/ Summer
• Submission Process: Tuesday, March 6, 2018 – Sunday, March 18, 2018
• Vendor Announcement: Thursday, March 22, 2018
• Downtown Detroit Markets Open: April-September
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet. Bedrock’s real estate portfolio consists of more than 330 office and retail tenants in Detroit’s technology-centric downtown. For more information, visit bedrockdetroit.com or engage with us on Twitter @BedrockDetroit and Facebook.
About Quicken Loans
Detroit-based Quicken Loans Inc. is the nation’s largest home mortgage lender. The company closed more than $400 billion of mortgage volume across all 50 states from 2013 through 2017. Quicken Loans moved its headquarters to downtown Detroit in 2010, and now more than 17,000 team members from Quicken Loans and its Family of Companies work in the city’s urban core. The company generates loan production from web centers located in Detroit, Cleveland and Scottsdale, Arizona. The company also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked “Highest in Customer Satisfaction for Primary Mortgage Origination” in the United States by J.D. Power for the past eight consecutive years, 2010 – 2017, and highest in customer satisfaction among all mortgage servicers the past four years, 2014 – 2017.
Quicken Loans was ranked in the top-15 on FORTUNE magazine’s annual “100 Best Companies to Work For” list in 2018, and has been among the top 30 companies for the past 15 consecutive years. The company has been recognized as one of Computerworld magazine’s “100 Best Places to Work in IT” the past 13 years, ranking No. 1 for eight of the past 12 years, including 2017. The company is a wholly-owned subsidiary of Rock Holdings, Inc., the parent company of several FinTech and related businesses. Quicken Loans is also the flagship business of Dan Gilbert’s Family of Companies comprising nearly 100 affiliated businesses spanning multiple industries. For more information and company news visit QuickenLoans.com/press-room.