Henry Ford Health, Tom Gores team up on massive $2.5 billion development in Detroit
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Henry Ford Health plans to build a new $1.8 billion hospital in Detroit that will anchor a broad $2.5 billion development vision it is teaming up on with Detroit Pistons owner Tom Gores and Michigan State University that includes new residential, commercial and possible hotel space.
The projects mark a major move by Henry Ford to transform itself into a destination for health care and a major expansion of private equity billionaire Gores' investment in Detroit. If the full vision materializes, the scale of the redevelopment would rival plans for the $1.5 billion District Detroit and Dan Gilbert’s downtown projects in the re-shaping of an entire section of the city.
The plan to re-envision the neighborhood surrounding the century-old Henry Ford Hospital spans multiple blocks south of West Grand Boulevard on both sides of the John C. Lodge Freeway/M-10. It is being driven by a team-up of the Detroit-based health system, Gores and MSU, among other stakeholders.
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The new all-private-room hospital would be over 1 million square feet constructed across West Grand Boulevard from Henry Ford's existing hospital; the existing Health Alliance Plan building at 2850 W. Grand Blvd. would be torn down to clear the way for it, which is expected to be similar in height to the 489-foot Fisher Building two blocks east, representatives from the health system told Crain's.
The new tower will also include a larger emergency department, alleviating congestion in the existing hospital. The legacy hospital will remain in operation but with a smaller clinical footprint. A skywalk and a series of tunnels will connect the new structure and the existing hospital.
Click to expand...Big plans, big partnership
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What's included in the vision of a newly announced team-up of Henry Ford
Health, Detroit Pistons owner Tom Gores and Michigan State University targeting redevelopment of the New Center neighborhood surrounding Henry Ford Hospital.
1. New Henry Ford Hospital tower
2. Henry Ford Detroit Pistons Performance Center
3. Henry Ford Health Center for Athletic Medicine
4. One Ford Place Lofts (repurposed mixed-use residential)
5. Mixed use residential and retail
6. Parking structure
7. Henry Ford Health/Michigan State University Research Facility
Source: Henry Ford Health/Detroit Pistons