Quicken Loans breaks ground on new technology center

DETROIT, May 20, 2014 – Quicken Loans Inc. and Bedrock Real Estate Services LLC, today began construction on the state-of-the-art Quicken Loans Technology Center, a 66,000-square-foot data center and office complex located at 1401 Rosa Parks Boulevard in Detroit’s up-and-coming Corktown district. The new facility will feature two 10,000-square-foot server rooms in addition to training, office and support space. Half of the data center will be occupied by Quicken Loans’ technology team. An equal-sized 33,000 square foot portion of the building, including the second 10,000 square-foot server room, will be available for lease when the center opens.

Scheduled for completion in January 2015, the modern cement and glass structure will boast an impressive 1.4 megawatts of redundant available power, an energy efficient design and a complex, next-generation air conditioning system to cool its server rooms. The building, Bedrock’s second ground-up development in the city of Detroit, will also feature a comprehensive security system.

“Detroit is experiencing an exciting technology revolution, so it only made sense to look in our own backyard when we decided to pursue a new home for our application and data systems,” said Linglong He, Quicken Loans Chief Information Officer. “We invest heavily in technology – both in our infrastructure and in the training we provide our talented, 1,100-member IT team.”

Construction and management of the Quicken Loans Technology Center will be conducted by Bedrock Real Estate Services, a Quicken Loans affiliated full-service real estate firm specializing in purchasing, leasing, financing, developing and managing commercial space in Detroit. Bedrock will also lease the available 33,000 square foot technology center space.

“Developing real estate that meets the needs of our Family of Companies and our tenants in the city of Detroit is our top priority at Bedrock,” said Jim Ketai, Bedrock Real Estate Services CEO and Managing Partner. “We are extremely proud to be bringing the Quicken Loans Technology Center to life and creating a secure, cutting-edge facility for one of the premiere IT companies in America. This is also a great opportunity for another top technology company to secure prime server and training space in Detroit.”

Quicken Loans has been recognized as one of Computerworld magazine’s ’100 Best Places to Work in IT’ the past nine years, ranking No. 1 in 2013, 2007, 2006 and 2005.

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The Woodward Spine was the brainchild of Michael Fossano and Jeffrey Buck, two Royal Oak, Mich. natives who met nearly 10 years ago while attending the now-defunct George A. Dondero High School. It seemed fitting for the two Wayne State University alums to craft an outlet to help continually refine their writing skills, while also serving as a trusted source of information for the metro Detroit community. The Woodward Spine aims to inform its readers about relevant news and events through creative and informative posts not only by Mike and Jeff, but other upstanding citizens as well who are driven and proficient in these core areas: news, opinion, entertainment, history, sports and development. The Woodward Spine serves the tri-county metro Detroit area, however concentrating mainly on the communities that lie along the Woodward corridor.
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