Ford Motor Company Acquires Iconic Michigan Central Station; Will Outline Vision for New Corktown Campus on Tuesday
June 17 2018 - 7:00AM
Business Wire
Ford Motor Company has acquired the iconic Michigan Central
Station and plans to transform it into the centerpiece of a vibrant
new campus in Detroit’s Corktown neighborhood that will serve as an
innovation hub for Ford’s vision for the future of
transportation.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180617005022/en/
Ford will renovate Michigan Central
Station to be a magnet for high-tech talent and a regional
destination with retail, restaurants, residential living, modern
work spaces and more. Conceptual rendering shown. (Photo: Business
Wire)
The acquisition of Michigan Central Station comes alongside the
company’s purchase of the former Detroit Public Schools Book
Depository, two acres of vacant land, the site of an old brass
factory and the recent purchase of a refurbished former factory in
Corktown, now home to Ford’s electric vehicle and autonomous
vehicle business teams. Highlights of Ford’s new Corktown campus
include:
- The campus will be comprised of
approximately 1.2 million square feet of property in Corktown
- This new development will serve the
community with a mixed-use space including office space for office
and retail space, and some residential housing
- Initial plans include locating
approximately 2,500 Ford employees, most from the mobility team, to
call Corktown their work home by 2022
- There will also be space to accommodate
2,500 additional employees of partners and other businesses amongst
Michigan Central Station and the other developments
Ford will share many more details about the Corktown project, as
well as early visual renderings, at its event Tuesday.
Event
details
Who: Bill Ford, Jim Hackett, Ford
employees, government officials and community members
Where: Michigan Central Station,
2001 15th Street, Detroit
When: Tuesday, June 19, 11 a.m.
(check-in opens at 10 a.m.)
Media registration: Email
asalceda@ford.com or khenkel1@ford.com
Guest registration (limited space
available): https://fordcorktowncelebration.splashthat.com/
Livestream link:
http://www.dtvn.net/fordcorktown
Ford will also host a community Open House on Friday, June 22 –
Sunday, June 24 for a rare, inside look at Michigan Central Station
before renovations. Details of the open house will be shared
Tuesday.
“Michigan Central Station is a powerful symbol of Detroit’s
struggles and now its resurgence, but Ford’s investment in Corktown
is far from symbolic,” said Bill Ford, the company’s executive
chairman. “We aren’t just making a bet on Detroit. We are making a
big bet on the future for Ford and the future of transportation.
It’s exciting to imagine what’s possible as we build tomorrow,
together.”
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn,
Michigan. The company designs, manufactures, markets and services a
full line of Ford cars, trucks, SUVs, electrified vehicles and
Lincoln luxury vehicles, provides financial services through Ford
Motor Credit Company and is pursuing leadership positions in
electrification, autonomous vehicles and mobility solutions. Ford
employs approximately 202,000 people worldwide. For more
information regarding Ford, its products and Ford Motor Credit
Company, please visit www.corporate.ford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180617005022/en/
Ford Motor CompanyMarisa BradleyMbradl31@ford.com
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