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Ford Invests $60 Million to Develop Wagner Place into New Urban Office, Retail Space in West Dearborn

DEARBORN, Mich., Dec. 20, 2016 – Ford is investing $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 the area, the project transforms two blocks of largely vacant buildings into a unique 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,” says Donna Inch, chairman and CEO, Ford Land. “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 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. For more details, click here.

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty.  Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services.  The company does that through three customer-centered business segments:  Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs.  Additionally, Ford provides financial services through Ford Motor Credit Company.  Ford employs about 175,000 people worldwide.  More information about the company and its products and services is available at corporate.ford.com.