Metro-West Appraisal announced Tuesday it is moving its national headquarters into downtown Detroit’s Central Business District.
The independent residential real estate appraisal company will occupy 8,000 square feet in the Chrysler House, formerly the Dime Building.
The 23-story office tower, located at 719 Griswold Street, is owned by Rock Ventures, the umbrella entity formed to provide coordination of Dan Gilbert’s portfolio of companies and investments.
Metro-West was founded in 1987 and has more than 175 employees across 24 states.
The company’s headquarters team of 40, currently located in Northville, Michigan, will move to Detroit in March 2013.
Metro-West says they do have plans to hire 35 employees following the move.
"We are very excited to move to downtown Detroit so we can support the renaissance taking place in the city," said Brandon Boudreau, Metro-West Appraisal’s Chief Operating Officer. "Not only will the move be great for Detroit, it will also be a huge boost for our company morale. There’s an incredible energy downtown and we’re looking forward to exploring the city with the growing number of people working there."
"Metro-West Appraisal’s move of its national headquarters to downtown Detroit is further proof of the opportunity that exists in the city’s urban core," said Matt Cullen, President and CEO of Rock Ventures. “Every time another company moves to the city, Detroit’s turnaround gains scale and momentum."
The move brings the building occupancy rate to 89 percent.