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UBS
Financial
Services
Inc.
opens
Detroit
office
in
historic
downtown
Woodward
District
• Global
wealth
firm
will
occupy
11,000
square
feet in
Bedrock’s
S.S.
Kresge
Co.
building
• UBS
office
at the
corner
of
Woodward
Avenue
and
State
Street
joins
dozens
of the
world’s
most
influential
brands
on
Detroit’s
main
thoroughfare
•
State-of-the-art
facility
to be
made
available
for use
by
local,
UBS-approved
non-profits
DETROIT
– UBS
Financial
Services
Inc.
will add
to the
burgeoning
economic
development
in
Detroit
with a
new
11,000
square
feet
office
in the
historic
downtown
Woodward
shopping
district.
This new
office
represents
an
expansion
of UBS’s
investment
in the
metro-Detroit
region,
and
establishes
a
presence
in the
city for
the
first
time.
The
11,000
square-foot
office
at
1201/1217
Woodward
spans
two
historic
buildings
located
on the
corner
of
Woodward
Avenue
and
State
Street.
It will
open
with ten
Financial
Advisors
overseeing
$2.6
billion
Assets
under
Management.
The
design
of the
third-floor
space
honors
the
building’s
history
as a
retail
hub,
using an
industrial
aesthetic
with
clean
lines,
natural
wood
with
metal
accents,
and
original
exposed
pillars.
The
office
will
have six
meeting
rooms;
three on
the
office
side and
three on
the
community
side; a
flexible
breakout
area and
a coffee
bar.
Clients
and
employees
will be
greeted
with a
large
black
and
white
map of
Detroit
behind
the
reception
desk,
complete
with the
UBS
three
keys
logo,
signifying
its
presence
in the
area.
Pictured
here,
are John
Bush,
UBS’
Michigan
Market
Head,
Dan
Gilbert,
Bedrock
Founder
&
Chairman,
Mike
Duggan,
Detroit
Mayor
and Tom
Naratil,
President
UBS
Americas
as they
celebrate
the
opening
of a new
11,000
square
feet
office
in the
historic
downtown
Woodward
shopping
district.
(Photo
by HB
Meeks/Tell
Us
Detroit)
“The
Detroit
branch
of UBS
Financial
Services
Inc.
will be
the
first
Wealth
Management
firm to
move
downtown
Detroit
since
2010,”
said
Michigan
Market
Head,
John
Bush.
“This
expansion
reinforces
our
commitment
to
downtown
Detroit
and the
local
community
and
uniquely,
50% of
our
space
will be
made
available
for
local,
UBS
-approved
non-profit
organizations
to host
board
meetings
and
other
activities.”
To
further
support
the
local
community,
Detroit
will be
a pilot
market
in UBS
and
EVERFI’s
new Keys
To Your
Future
program.
A
personalized,
digital
curriculum
that is
the
first of
its
kind,
Keys To
Your
Future
will
equip
high
school
students
across
the city
with
critical
college
and
career
readiness
skills.
“UBS
joins
many
other
financial
businesses
that
call
Woodward
Avenue
home.
From
Ally’s
headquarters,
Fifth
Third
Bank’s
regional
headquarters,
the new
headquarters
being
built by
Chemical
Bank to
Quicken
Loans,
StockX,
Rocket
Loans
and more
Detroit
is fast
becoming
a magnet
for
financial
and
FinTech
businesses
looking
to open
or
expand
in an
exciting
environment
that is
also
attracting
talent
from
around
the
country
and
world,”
said Dan
Gilbert,
Bedrock
Founder
and
Chairman.
“Today,
with
their
new
office
in the
heart of
activity
in the
historic
Woodward
shopping
district,
UBS will
play a
significant
role in
the
future
of
Detroit.”
1201/1217
Woodward
is owned
by
Bedrock
and has
recently
undergone
extensive
renovations.
Located
at the
corner
of State
Street
and
Woodward
Avenue,
the
former
S.S.
Kresge
Store #1
and R.H.
Traver
buildings
formed a
landmark
corner
when
they
were
built in
1891 and
1917.
Combined
under a
single
property
owner
since
1917,
the
buildings
have
housed a
variety
of
retail
shops,
most
notably
the
flagship
Kresge 5
& 10
store.
The
building
was
designed
by
prolific
Detroit-based
architecture
firm
Smith,
Hinchman
& Grylls,
who also
designed
the
famed
Guardian
and
Penobscot
buildings.
Today,
the
property
is home
to an
Under
Armour
brand
house at
the
retail
level
and
Detroit-based
start-ups
including
football
helmet
manufacturer
Xenith,
Fathead
and Gas
Station
TV.
In
recent
years,
Bedrock
has
welcomed
dozens
of
national
and
local
brands
to
Woodward
Avenue
including
WeWork,
Twitter,
LinkedIn,
Nike,
Madewell,
Le Labo,
John
Varvatos,
Bonobo’s,
Warby
Parker,
H&M,
G-Star,
Shake
Shack,
Lululemon,
Avalon
International
Breads
and
countless
others.
UBS’s
new
branch
office
sits
directly
across
from the
Hudson’s
Site
development
and
adjacent
to the
world’s
first
Shinola
Hotel.
Positioned
in the
center
of
downtown
Detroit’s
momentum,
UBS’s
decision
to open
this
location
is a nod
to the
city’s
recent
economic
development.
About
UBS
Global
Wealth
Management
As the
world’s
largest
wealth
manager,
UBS
Global
Wealth
Management
provides
comprehensive
advice,
solutions
and
services
to
wealthy
families
and
individuals
around
the
world.
Clients
who work
with UBS
benefit
from a
fully
integrated
set of
wealth
management
capabilities
and
expertise,
including
wealth
planning,
investment
management,
capital
markets,
banking,
lending
and
institutional
and
corporate
financial
advice.
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