Ford Motor Company purchased the historic train station in 2018 and is rehabbing it as the lynchpin of its Michigan Central mobility innovation district project. In early 2022, renovation was in its final phase, with Ford working on interior rehab after completing winterization, stabilization and exterior masonry work. The $950 million project, which includes restoration of the adjacent Book Depository building, design of a 30-acre outdoor space, a first-floor community and events space, 10 floors of offices and three floors for a hotel, is expected to open to the public in mid-2023. The project went through Detroit's Community Benefits Ordinance process in 2018. The Beaux Arts train depot, which includes an 18-story office tower, opened in 1913 and ceased train service in 1988, with various redevelopment plans failing to come to fruition and a narrowly escaped city-requested demolition under Moroun family ownership.

Sources: Michigan Central, Detroit Free Press, Fox 2, City of Detroit, Historic Detroit