03/01/2013 08:22 am ET

Design Contest To Help Develop Ex-Hudson's Site

Detroit -- An international design competition on a potential $75 million development on the former Hudson's department store site in downtown Detroit will be formally launched in several weeks, said a top official for the Dan Gilbert entity that controls the property on Woodward.

Matt Cullen, president and CEO of Rock Ventures LLC, an umbrella entity for Dan Gilbert's portfolio of companies and investments, made the announcement at the Detroit Policy Conference in the MotorCity Casino-Hotel but gave few details. He reconfirmed plans to build a mixed-use project of residential and retail on the site. A Gilbert-controlled entity called 1208 Woodward LLC has development rights for the city property.

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