Ford Land today announced a $60 million investment in west Dearborn — Wagner Place — which will transform two blocks of largely vacant buildings into an urban development featuring outdoor green space, first-floor retail stores and top-level offices for up to 600 Ford Motor Co. employees.
120-year-old Wagner Building to maintain historic façade
DEARBORN – Ford Motor Co. will invest $60 million to develop a new office and retail space in west Dearborn, expanding the company’s footprint as part of its Dearborn campus transformation.
The project — Wagner Place — will transform two blocks of largely vacant buildings into an urban development featuring outdoor green space, 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,” Ford Land Chairwoman and CEO Donna Inch said. “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 talented workers.”
The announcement is part of the 10-year transformation of the company’s more than 60-year-old Dearborn facilities, which will relocate 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 plans to construct a new public parking structure near the development with support from Michigan Strategic Fund.