Detroit News, Free Press moving to Gilbert's Federal Reserve Building

Newspapers staying in downtown Detroit in Dan Gilbert-owned Federal Reserve Building

Detroit - The business agency for The Detroit News and Detroit Free Press said it's found a new location for the newspapers' downtown offices.

The Detroit Media Partnership announced that it has agreed to terms for a move to the former Federal Reserve Building, which is owned by Quicken Loans founder Dan Gilbert and his Bedrock Real Estate Services.

The announcement follows a search that was announced more than a year ago. The aim is to allow for a more digitally focused workplace.

Related: Chinese group buys old Free Press, David Stott buildings

The newspapers report Thursday that Joyce Jenereaux, president of the partnership, said the move could take place by the end of September.

The Detroit News has been in the papers' current building since 1917, and the Free Press left its previous historic home and arrived in 1998.

Related: ROSSETTI will set up shop in historic Federal Reserve Building

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