UBS announced plans to establish a
new wealth management branch office
in Downtown Detroit, opening in
Summer 2018. The firm has agreed to
lease the sixth floors of 1515
Woodward Avenue and 1529 Woodward
Avenue. (Photo by Bedrock Detroit)
UBS
announced
plans to
establish
a new
wealth
management
branch
office
in
Downtown
Detroit,
opening
in
Summer
2018.
The firm
has
agreed
to lease
the
sixth
floors
of 1515
Woodward
Avenue
and 1529
Woodward
Avenue.
(Photo
by
Bedrock
Detroit)
UBS
announces
plans to
open new
'Wealth
Management'
office
in
downtown
Detroit
Global
wealth
manager
to meet
growing
client
demand
amid
city's
remarkable
urban
renaissance
The
new
office
will
feature
"The UBS
Woodward
Gallery,"
a space
for
nonprofit
and
civic
leaders
to host
meetings
and
special
events
DETROIT,
MI – UBS
today
announced
plans to
establish
a new
wealth
management
branch
office
in
Downtown
Detroit,
opening
in
Summer
2018.
The firm
has
agreed
to lease
the
sixth
floors
of 1515
Woodward
Avenue
and 1529
Woodward
Avenue.
Built in
1908 and
1891,
respectively,
these
buildings
are
among
Detroit's
mid-rise
architectural
treasures,
previously
serving
as homes
to the
celebrated
Grinnell
Brothers
Music
House
and
Sanders,
purveyors
of fudge
and
other
confections.
"As a
result
of the
efforts
of
investors,
entrepreneurs
and
local
business
owners,
in
recent
years
Detroit
has seen
rapid
growth
in its
urban
core and
beyond,"
said Tom
Naratil,
President
Americas
and
President
Wealth
Management
Americas.
"Our
decision
to
enhance
our
presence
in the
city
springs
from a
focus on
serving
our
clients
where
they
live and
work.
We're
proud to
play a
role in
the
city's
ongoing
economic
success,
and we
look
forward
to
reopening
for
business
in
Downtown
Detroit."
The
new
office
will be
leased
from
commercial
real
estate
firm
Bedrock
and will
occupy
roughly
13,000
square
feet,
with
construction
beginning
in early
2018.
UBS
plans to
partner
with
local
companies
and use
materials
manufactured
in
Detroit
and
across
Michigan
to
construct
the new
loft-style
space.
Architectural
firm
Verderame
| Cale
will
design
the
branch's
interior,
and
locally-based
construction
company
Barton
Malow
will
serve as
lead
contractor.
In
addition
to
building
out its
own
wealth
management
office,
UBS will
dedicate
roughly
6,000
square
feet to
The UBS
Woodward
Gallery,
a space
that
will be
made
available
to local
nonprofits
and
civic
organizations
for
leadership
meetings
and
conferences.
The
Gallery
will
prominently
feature
industrial
design
elements
and
historically
inspired
art that
reflect
Detroit's
proud
traditions
and
bright
future.
In
particular,
the
space
will
incorporate
a
hub-and-spoke
layout
to echo
Detroit's
long
association
with
circular
configurations
– from
its
original
wheel-inspired
city
grid, to
the
vinyl
records
of its
iconic
music
scene
and the
rolling
tires of
the
millions
of cars
that
dubbed
it the
Motor
City.
“The
resources,
investment
and
support
that
companies
like UBS
are
contributing
to our
community
are
creating
opportunities
for all
Detroiters,"
said Jim
Ketai,
CEO,
Bedrock.
"We look
forward
to
welcoming
UBS to
the
Central
Business
District
and for
them to
become
part of
Detroit’s
unique
and
dynamic
culture.”
"As
a
born-and-raised
son of
Detroit
who's
witnessed
my
hometown's
triumphs
and
tough
times,
I'm
extremely
excited
to be
part of
a firm
dedicated
to
helping
the city
reach
new
commercial
and
cultural
heights,"
said
John
Bush,
Michigan
Market
Head for
UBS
Wealth
Management
Americas.
"My team
and I
look
forward
to
deepening
our
roots in
the
community
and to
serving
the
growing
needs of
clients
in this
important
market."