In many ways, the story of Southfield’s rise as a business and economic center is intertwined with the story of REDICO. From its headquarters at One Towne Square, the company reflects on nearly six decades of growth rooted in the very community it helped shape.
Founded in the late 1960s by Robert Sosnick, REDICO emerged at a pivotal moment in Southfield’s evolution. As businesses began moving beyond Detroit, Southfield was establishing itself as a commercial center — and REDICO was at the forefront of that shift. The company developed The Travelers Towers, the city’s first high-rise office buildings.
Through a series of developments over the next several decades, REDICO has maintained over 2.5 million square feet of Class A office space in Southfield, helping establish the city as a destination for corporations, professional services firms and regional headquarters.
Today, under the leadership of President and CEO, Dale Watchowski, REDICO continues to reinforce a long-term commitment to the city’s commercial vitality and the success of the market it helped create. Key properties include One and Two Towne Square and the American Center.
REDICO’s founder Robert Sosnick created this family business, and family continues to play an active role in the company. His daughter, Karen Sosnick Schoenberg, serves as principal and member of the board.
Over nearly six decades, REDICO has worked across development, ownership and operations, in a range of asset classes from office and industrial to multifamily.
The work has earned national recognition with numerous awards. Just as importantly, REDICO’s team members have been recognized by leading regional and national publications and associations for their leadership and industry impact.
Yet for all its growth and accolades, REDICO’s focus remains close to home. At its Southfield headquarters, that commitment extends beyond buildings and into the surrounding community. The company has supported enhancements to the City Centre district, including environmental initiatives, such as onsite beehives and a nearly two-acre wildflower habitat adjacent to the Southfield City Centre Trail System. These efforts contribute to broader goals around sustainability and outdoor activity.
REDICO continues to build on its legacy in Southfield with the same focus that defined its early years — building and managing properties that support long-term economic activity through vision, integrity and a deep belief in the power of place.
