{"id":8651,"date":"2013-12-11T05:00:04","date_gmt":"2013-12-11T13:00:04","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=8651"},"modified":"2020-12-24T02:16:22","modified_gmt":"2020-12-24T10:16:22","slug":"bedrock","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/bedrock\/","title":{"rendered":"Bedrock Real Estate"},"content":{"rendered":"<p><a href=\"http:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/12\/Dan-Mullen-headshot.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8794 alignright\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/12\/Dan-Mullen-headshot-240x300.jpg\" alt=\"Bedrock Reality\" width=\"240\" height=\"300\" \/><\/a>Detroit refuses to settle for the status of a <i>has-been<\/i> city. Tough economic times have certainly taken a toll. But rather than losing hope, city leaders are seizing the opportunity to recreate The Motor City as a metropolitan hub valued for its cultural offerings. <a title=\"Yardi home page\" href=\"http:\/\/yardi.com\" target=\"_blank\" rel=\"noopener noreferrer\">Yardi<\/a> client Bedrock is leading the way in the resurgence of one of America\u2019s most iconic cities.<\/p>\n<p>Dan Mullen, Vice President of Development at Bedrock, has never doubted that Detroit was worth the fight. \u201cIt\u2019s an amazing opportunity to be in Detroit,\u201d he says. \u201cAn urban location provides this indescribable energy: being surrounded by industry, historic architecture, a place where everything is walkable, where you can work and play. As a company, having the opportunity to purchase and redevelop historic buildings and impact the outcome of one of the great American cities is something that we take pride in.\u201d<\/p>\n<p>Bedrock leverages its position as the real estate services branch of Quicken Loans to purchase and redevelop properties in the downtown district. Bedrock works with affiliate companies to then \u201ctie the thread,\u201d or work together in the redevelopment process to ensure that local companies reap the benefits of the city\u2019s growth. It\u2019s truly a team effort that aims to pull everyone forward together.<\/p>\n<p>Mullen values the collaborative process, \u201cWe work closely with the city, Detroit Economic Growth Corporation, other developers and local businesses. We\u2019re all one big team to help revitalize all of downtown Detroit. Bedrock definitely plays a role in [the resurgence] but we also have a lot of amazing partners.\u201d<\/p>\n<p>The partnerships have helped Bedrock develop 8 million square feet of commercial space. But that\u2019s only the tip of the iceberg. Demand for quality office space is rising downtown. Bedrock has responded by purchasing historic buildings, giving them a modern interior makeover, and then positioning them for the growing market. \u201cWe\u2019re redeveloping those spaces as fast as we possibly can so we can offer that space for tenants who want to relocate downtown, or upgrade, or their company is growing,\u201d says Mullen. Though new construction may be inevitable, Bedrock and other local leaders plan to make the most of existing architecture. It\u2019s part of a well-known effort to preserve Detroit\u2019s history while paving the way for an even more prosperous future&#8211;without tacking on the problems of urban sprawl.<\/p>\n<p>With each new project, Bedrock keeps people center stage. The spaces must be functional for tenants, welcoming and exciting. They must contribute to the overall desire to make Detroit a rich cultural destination rather than a concrete empire. \u201cWe\u2019re going to help rebuild and revitalize downtown Detroit,\u201d Mullen affirms. \u201cWithin that vision, we\u2019re providing an experience for Detroiters, suburbanites, and travelers from around the globe to come downtown and get an experience that you can\u2019t get anywhere else. Through real estate, we\u2019re really trying to develop that growth strategy.\u201d<\/p>\n<figure id=\"attachment_8795\" aria-describedby=\"caption-attachment-8795\" style=\"width: 300px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/12\/Bedrock-Chase-Tower.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8795\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2013\/12\/Bedrock-Chase-Tower-300x203.jpg\" alt=\"Chase Tower\" width=\"300\" height=\"203\" \/><\/a><figcaption id=\"caption-attachment-8795\" class=\"wp-caption-text\">Chase Tower<\/figcaption><\/figure>\n<p>The innovative ideas needed to reinvent Detroit must be nurtured in a creative, encouraging environment. Bedrock strives to provide that atmosphere for employees, who are celebrated as the bedrock of the company\u2019s culture. \u201cWe have an amazing team,\u201d Mullen explains. \u201cOur leadership team and team members are encouraged to be their own person and come up with amazing ideas and implement those ideas. The people really develop the culture; the foundation and philosophies are there but it\u2019s the people who take so much pride in what they do, who love their jobs, that make the difference.\u201d<\/p>\n<p>That sense of pride has fostered resilience in Bedrock employees, many of whom see the widespread success of Detroit as an objective on their curriculum vitaes. \u00a0\u201cEveryone has a sense of ownership because they\u2019re part of something bigger here at Bedrock. It\u2019s not just having a job,\u201d says Mullen. Personal investment in the cause upholds the team\u2019s determination to succeed. Failure simply isn\u2019t an option for Bedrock or its Detroit headquarters. \u201cWe only have a Plan A,\u201d says Mullen. \u201cPlan B is just a distraction to Plan A.\u201d<\/p>\n<p>We asked the Bedrock team to weigh in on how Yardi Voyager helps them increase efficiency and manage their day to day operations. Here are the insights they shared:<\/p>\n<p><strong>How has Voyager affected daily operations at Bedrock?<\/strong><\/p>\n<p><em>Voyager is a superior <a href=\"https:\/\/www.yardi.com\/products\/property-management-software\/\" target=\"_blank\" rel=\"noopener noreferrer\">property management software tool<\/a>.\u00a0 Very easy to use and user-friendly.\u00a0 Client Central has many training tools in various forms (i.e. manuals, video\u2019s and webinars) that are very helpful along with Client Services who always respond quickly.<\/em><\/p>\n<p><strong>What features do you find to be the most useful?<\/strong><\/p>\n<p><em>The drill down feature is most helpful.\u00a0 Being able to drill down from whatever screen you are in saves time from going back and forth trying to research.<\/em><\/p>\n<p><strong>Are you using any products in addition to Voyager?<\/strong><\/p>\n<p><em>YSL \u2013 Yardi Spreadsheet Link is a great tool for financial reporting and for allowing you to customize your reports.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroit refuses to settle for the status of a has-been city. Tough economic times have certainly taken a toll. But rather than losing hope, city leaders are seizing the opportunity to recreate The Motor City as a metropolitan hub valued for its cultural offerings. Yardi client Bedrock is leading the way in the resurgence of [&hellip;]<\/p>\n","protected":false},"author":440,"featured_media":8795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3354],"tags":[2243,882,328,116],"class_list":["post-8651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people","category-team-yardi","tag-bedrock","tag-detroit","tag-property-management-software","tag-yardi-client-profile"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"Detroit refuses to settle for the status of a has-been city. Tough economic times have certainly taken a toll. 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