Bedrock and Raeden Partner to Bring First Carrier Hotel to Downtown Detroit
Bedrock, Detroit’s largest real-estate developer operating more than 100 properties throughout the city, and Raeden, a digital infrastructure platform provider specializing in enabling technology deployments across real estate portfolios, announced today that they are partnering to bring the first independent carrier hotel to Downtown Detroit.
Located within Bedrock’s 615 West Lafayette property, the Detroit carrier hotel will begin operations this month and will centralize internet connectivity and technology services while making efficient use of existing fiber assets.
“The introduction and added value of the carrier hotel is a significant milestone as we continue to position Detroit as one of the most connected and technologically advanced cities in the United States,” said Michael Osment, Chief Technology Officer at Bedrock. “This is the first in a series of steps by Bedrock to strategically activate local technology assets to bring a faster, more efficient and readily available networking platform to the Detroit market.”
Why it’s important
The effort by Raeden and Bedrock will directly connect 615 West Lafayette with Bedrock’s Detroit portfolio, creating an environment where internet technology can be accessed more rapidly. Instead of each building requiring individual Internet and technology installations, centralization at 615 West Lafayette will enable access to varying services, significantly decreasing deployment timelines, and lowering costs. The result will enable Bedrock tenants the ability to access faster and more resilient internet-centric services while enabling expanded internet access throughout Detroit.
“We are thrilled to partner with Bedrock and view the Detroit carrier hotel as catalytic to our overall mission, which is to partner with real estate owners to optimize latent digital tenancy opportunities within their portfolios,” said Kari Schrader, Raeden’s Chief Executive Officer. “Through the development of the carrier hotel and future integration between Bedrock’s portfolio and Raeden’s services, we believe Detroit will become one of the most connected cities in the United States.”
Bedrock understands the trend toward digital buildings and how critical internet and network technologies are for both existing and prospective tenants. “We see this as not only a benefit to our real estate portfolio, but also to the entire city of Detroit,” Osment continued.
Over the next twelve months, Bedrock and Raeden will continue to collaborate on additional technological investments including activating existing data center assets and exploration of opportunities to improve services within the Detroit market.
These investments are targeted at increasing existing network resources and capacities, while reducing costs and overall service efficiency.
Bedrock is a full-service real estate firm specializing in innovative city-building strategies, reaching beyond the boundaries of bricks and mortar. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties in Detroit and Cleveland, including landmark developments at the Hudson’s Site, the Book Tower restoration, City Modern, and the May Company Building. Bedrock’s portfolio totals more than 22 million square feet of office, retail and residential space within new construction and adaptive reuse projects.
Click here to view a complete timeline of Bedrock and the Rock Family of Companies’ engagement within the Detroit community.