F Ford Motor Company

By Sarah Coffey

Ford Motor Co. (F) said Sunday it has purchased Detroit's Michigan Central Station and plans to transform it as part of a new campus in the Corktown neighborhood.

Ford said in a release it plans to renovate the station to be "a magnet for high-tech talent and a regional destination with retail, restaurants, residential living, modern work spaces and more."

The 1.2 million-square-foot Corktown campus is expected to house around 2,500 Ford employees by 2022, mostly from the mobility team, and will have space for another 2,500 employees of partners and other businesses, the auto maker said.

Ford said it would share more details about the project at an event Tuesday.

Write to Sarah Coffey at sarah.coffey@wsj.com

(END) Dow Jones Newswires

June 17, 2018 07:50 ET (11:50 GMT)

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