1962 Press Photo First Federal Savings and Loan Assoc

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Caption: Downtown Building is startedBy Tom KleeneFree Press Business-Industry WriterGround was formally broken at noon Thursday for the new $10 million, 23-story office building of First Federal Savings and Loan Association of Detroit, destined to become the pivot point between the financial and commercial areas of downtown Detroit.Within minutes after the ceremonial shovels of earth had been turned, excavation crews resumed their digging for the basement and the several hundred "sidewalk superintendents" on hand took over.THE TWIN-TOWERED granite building, which will stand squarely at right angles to Woodward at the northwest corner of Michigan, is scheduled for occupancy by the savings and loan association and other professional and business tenants in 1964.Walter Gehrke, chairman of the board of First Federal, told the ground-breaking audience of commercial and financial leaders and government officials that the new.

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