Ford is investing US$60m to develop a new office and retail space in West Dearborn, known as Wagner Place, to expand the company’s footprint as part of its campus transformation.
The project transforms two blocks of largely vacant buildings into an urban development featuring first-floor retail stores and top-level offices for up to 600 Ford employees. The Wagner Building – a 120-year-old former hotel now vacant for 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,” said Ford Land chairman and CEO, Donna Inch. “It is part of the company’s overall Dearborn campus transformation plan as Ford expands to be an auto and mobility company and recruits a new generation of workers.”
The announcement is part of the ten-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 sites, 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 Michigan Strategic Fund.