March 19, 2014

Former S.S. Kresge headquarters rebranded as the Block at Cass Park

The former S.S. Kresge World Headquarters in the Cass Corridor is being rebranded to take advantage of its adjacency to the proposed Ilitch entertainment district. Starting next week the block-long building at 2727 Second Ave. will be known as the Block at Cass Park, as its owners launch a new marketing campaign at a time when the neighborhood is seeing a string of sales and investments in properties that had gone unwanted for decades. That surge in interest is due to last month's announcement that Cass Corridor, just north of a rebounding downtown, is the site of a planned 45-block entertainment district, which will be anchored by the new home ice for the Detroit Red Wings. Beyond the new arena, another $200 million of other development - restaurants and other retail, residential, offices, parking garages - is expected. The Block at Cass Park isn't changing ownership. It's been owned for years by a partnership of private owners and Wayne State University, who also manage the facility. That arrangement remains the same. "We had been planning this for a while but when the arena was announced, of course, that was really good news," said Ian Studders, a WSU associate director of leasing and retail services. "We realize it makes us even more attractive."

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