DEARBORN, Mich., Dec. 20, 2016 – Ford will invest $60 million to develop a new office and retail space in West Dearborn, called Wagner Place, expanding the company’s footprint as part of its Dearborn campus transformation.
Bringing new life to West Dearborn, the project transforms two blocks of largely vacant buildings into a unique urban development. It will feature outdoor green space, first-floor retail stores and top-level offices for up to 600 Ford employees. The historic Wagner Building, a 120-year-old former hotel vacated nearly 10 years, will maintain its historic façade and be renovated into retail and office space as part of the planned development.
“Wagner Place will be beneficial both to the community as well as Ford employees,” says Donna Inch, chairman and CEO, Ford Land. “It is part of the company’s overall Dearborn campus transformation plan as Ford is expanding to an auto and mobility company and recruiting a new generation of talented workers.”
The announcement is part of the 10-year transformation of the company’s more than 60-year old Dearborn facilities which will colocate 30,000 employees from 70 buildings today into primarily two locations – a product campus and a world headquarters campus.
Wagner Place is scheduled to be completed in mid 2018. The city of Dearborn plans to construct a new public parking structure near the development with support from the Michigan Strategic Fund (MSF). For more information click here.