Title Source made a splash in downtown Detroit last week when it made its move to the Motor City's Central Business District official, joining the rest of the Quicken Loans family of companies.
The formerly Troy-based firm is moving 1,500 workers to the First National Building overlooking Campus Martius. The first 500 made the move last week and came out to the party-like press conference (a Quicken Loans staple) in Campus Martius, which came complete with a DJ and great weather.
"There is a ton of energy in this city," Jeff Eisenshtadt, president of Title Source
, said to a cheering crowd of a few hundred people. He added that moving to downtown Detroit is "just a fantastic opportunity."
Title Source is renovating 10 floors of the First National Building, taking over 40 percent of its space. The renovation will continue for the rest of the summer, making room for the rest of Title Source's workforce to move in before the weather turns cold.
The circa 1930 skyscaper, designed by Albert Kahn, has undergone extensive renovations over the last year since the Quicken Loans Chaiman Dan Gilbert's team bought it. The 25-story building has 800,000 square-feet of space and occupies most of a city block. It is now 93 percent occupied with Title Source sharing space with the likes of the law firm of Honigman, Miller, Schwartz and Cohn along with the United Way of Southeastern Michigan.
"You're going to be a key part in helping us change and transform Detroit," Detroit Mayor Dave Bing told the crowd at the press conference. He and other local leaders spoke about the idea of attracting many of these new downtown workers to move to the city'c center.
"We really want you to enjoy this city," George Jackson, president & CEO of the Detroit Economic Growth Corp, told the crowd. "We have a lot to offer."
Source: Jeff Eisenshtadt, president of Title Source; Detroit Mayor Dave Bing, and George Jackson, president & CEO of the Detroit Economic Growth Corp
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.