Ford: to transform Michigan Central Station into campus
(CercleFinance.com) - Ford plans to acquire Detroit's Michigan Central Station - a building that has been left abandoned for years - transforming it into a campus that will serve as an innovation hub, the carmaker said on Monday.
The acquisition of this iconic building located in the Corktown district comes alongside the purchase of two acres of vacant land, the site of an old brass factory and the recent purchase of a refurbished former factory also located in Corktown, where Ford wants to install its electric vehicle and autonomous vehicle business teams.
Initial plans include locating approximately 2,500 Ford employees, most of whom are from the mobility team, by 2022.
There will also be space to accommodate 2,500 additional employees of partners and other businesses, as the development will offer mixed-use space including office space for office and retail space and some residential housing.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The acquisition of this iconic building located in the Corktown district comes alongside the purchase of two acres of vacant land, the site of an old brass factory and the recent purchase of a refurbished former factory also located in Corktown, where Ford wants to install its electric vehicle and autonomous vehicle business teams.
Initial plans include locating approximately 2,500 Ford employees, most of whom are from the mobility team, by 2022.
There will also be space to accommodate 2,500 additional employees of partners and other businesses, as the development will offer mixed-use space including office space for office and retail space and some residential housing.
Copyright (c) 2018 CercleFinance.com. All rights reserved.