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Detroit’s old police headquarters, designed by Albert Kahn, may find new life.

The Detroit Police Department moved out of the building in Greektown in 2013 to a new Public Safety Headquarters. The old headquarters is located at 1300 Beaubien, next to the Jack Detroit Hotel & Casino.

The property was swapped as part of the historic bankruptcy settlement between the city of Detroit and its creditors, one of whom is Syncora Gurantee Inc. Their subsidiary, Pike Pointe Holdings LLC is working with Dan Gilbert’s Bedrock Real Estate to develop the property.

“We are excited to work with Syncora to revive a priceless piece of Detroit architecture,” said Bedrock CEO Jim Ketai. “Greektown and its neighboring districts have experienced tremendous growth and have several new transformative developments coming out of the ground in the near future, making this the perfect opportunity to begin this building’s next chapter.”

Plans are still unclear for the 240,000 square foot structure, and the timeline is still fuzzy.

“We are pleased to be able to steward the next phase of this iconic building through our partnership with Bedrock,” said Mary Jane Constant, Managing Director of Pike Pointe.  “This building holds an important role in the city’s history and we are excited to have Bedrock’s commitment and expertise to guide its redevelopment.”

Early Days: There isn’t a timeline or a budget. But if Bedrock is involved, there’s a good chance it’ll get done. They’re motivated to make something happen as it’s in their nest of properties around Greektown that they’ve been acquiring.