Various companies, including Forbes Travel Guide and Booking.com, offer ratings for hotels, with five-star status typically representing the pinnacle of luxury accommodations. According to Five Star Alliance, such hotels are characterized by personalized services, extensive amenities, and refined accommodations. However, it’s important to note that there’s no standardized rating system across the industry.
The Residences at The Detroit EDITION will feature stunning views of the Detroit River and downtown. These condos will offer one to four bedrooms, with interiors meticulously crafted by the renowned design studio Yabu Pushelberg, based in New York City and Toronto. Bedrock, in a news release, stated that these residences will set a new standard for living in Detroit, providing an unparalleled level of luxury and sophistication.
A sales center will soon open by appointment at 1225 Woodward. While the condos’ website currently lacks floorplans or precise pricing details, it does provide general price ranges, starting from $550,000 and ranging up to beyond $3 million. The announcement highlighted features such as 10-foot ceilings and elegant yet understated finishes like monolithic stone slabs and rich wood. Additionally, residents will enjoy access to amenities, including a fitness center, terrace, pool, in-residence dining, and valet parking.
“Hudson’s Detroit is synonymous with excellence, style, and grit, so it’s fitting that it will host legendary and iconic global brands,” Gilbert stated. “EDITION’s enthusiasm to debut in the Detroit market and launch its inaugural property in the Midwest speaks volumes about the allure of our city today. Hudson’s will serve as a magnet, drawing visitors, residents, and businesses, who can all indulge in the amenities, entertainment, retail, hospitality, and dining that Detroit has to offer.”
Earlier this week, GM CEO Mary Barra, along with Gilbert and local officials, revealed the relocation of the company’s global headquarters from the RenCen to Hudson’s Detroit, just a mile away. The automaker will lease the top two floors of the new 12-story mixed-use building for a 15-year term, featuring a public showroom for GM on the ground floor. Additionally, GM, Bedrock, and the city of Detroit are currently exploring redevelopment plans for the RenCen, potentially incorporating a variety of uses, as suggested by Barra.
“We’re transitioning from a building that was originally designed for a different era, not suited to our current needs. The new space will be thoroughly modernized,” Barra explained.
Eric Larson, former real estate executive turned CEO of the Downtown Detroit Partnership, characterized the trio of announcements — the hotel, condos, and GM relocation — as “highly significant” for downtown overall. He emphasized that there is still a need for a variety of hotel accommodations, and the EDITION will cater well to the upscale segment of the market.
Similarly, he noted that the residential component of the project follows a similar narrative. Bedrock’s choice to pursue luxury condos underscores the robust demand in the upper echelons of the market despite the current emphasis on affordable and senior housing within the city.