Sergio Marchionne, CEO of Fiat-Chrysler, plans to open an office in downtown’s historic Dime Building, boosting Detroit’s image at home and abroad.
An announcement about an agreement between the company and the building’s owner, Bedrock Real Estate Services, is expected on Monday. Marchionne will lease two floors from the 23-floor building, that is around 30,000 square feet of office space which will accommodate him and 70 other Chrysler workers.
“Having top executives here is great for the perception of downtown, and it has real impact in terms of the number of people who want to be in the area,” said James Van Dyke, vice president of development for the Roxbury Group. “Other businesses want to be around the decision makers. It generates more activity in everything from restaurants to hotels. That’s great news.”
Although Chrysler declined to comment before the official press conference, it is well known that executives have been talking privately for months about their desire to relocate part of the company’s operations to downtown Detroit. Marchionne and Dan Gilbert, who owns the Dime Building, will officially announce the deal soon.