Bedrock Introduces Initiatives for Successful Downtown Detroit Reopening
Commercial real estate firm Bedrock has announced “Bedrock Relaunch.” The program offers additional months of rent abatement to restaurant and retail tenants. The temporary lease amendments for eligible establishments will run through Dec. 31, 2020.
Bedrock Relaunch is part of an ongoing effort to help position its tenants for a safe and successful reopening following the outbreak of COVID-19. Their initial relief program began in March, which offered small business and restaurant tenants rent abatement for the months of April, May and June—along with the implementation of a small business resource page on bedrockdetroit.com.
Rent relief is just one lever the real estate developer is pulling toward the goal of getting the lights back on in downtown Detroit. Sidewalk and street closures to increase safe dining capacity, converting parking lots to drive-in movie theaters, and special shopping events are a few of the other ideas being considered for future phases of Bedrock Relaunch.
Since March, Bedrock and the Rock Family of Companies has committed to building up resilience of local businesses through rent relief, personal protective equipment procurement and grant funding. Bedrock helped launch Detroit Mayor Duggan’s Detroit Means Business program, which offers any Detroit-based small businesses access to a playbook for reopening safely, financial resources, PPE and webinar content sourced from industry experts.
