Detroit-based Olympia Development of Michigan and Mercedes-Benz Financial Services USA plan to initiate a new greenfield, build-to-suit facility in Farmington Hills, Michigan.
The new Class A office space will become headquarters for Mercedes-Benz Financial Services USA and regional headquarters for Daimler Mobility Americas. The new complex, pending appropriate permits and zoning approvals from the City of Farmington Hills, will be located on a 35-acre parcel of land on the southwest corner of Drake and 12 Mile roads.
The new, three-story, ground-up headquarters will encompass 200,000-square-feet, and include an open environment, technology-forward design to encourage collaboration and will offer amenities such as a fitness center, cafe, coffee bar and more. The site boasts proximity to several retail and dining options, along with access to local highways such as I-696, I-96, M-5 and M-10. It's anticipated that construction will begin in the fall 2019, with completion estimated for summer 2021.
Mercedes-Benz Financial Services currently leases space in an office complex less than a mile from the forthcoming development. The company's planned move to a new office space will retain approximately 1,000 direct and indirect jobs in the community.
Peter Henn, Mercedes-Benz Financial Services President & CEO said, "This project brings together two longstanding, committed community partners to invest in Farmington Hills, which has proudly been our home for more than a decade. Identifying the ideal, local solution was a priority, reflecting our commitment to the talented team that is the basis of our success. Furthermore, this build-to-suit approach will create a space that allows us to continue to cultivate our great corporate culture, inspire creativity and improve productivity, ultimately enabling us to best serve our customers in this new era of mobility."
"With these goals in mind, we truly appreciate the support and vision of the team at Olympia Development of Michigan, who were able to help us achieve our objectives and ultimately help position us for the future," he added.
"We are very pleased to work with Mercedes-Benz Financial Services to deliver a state-of-the art facility on land we have owned for more than 30 years. While this location was once conceived as the headquarters of Little Caesars, we ae excited that another great global brand will now call it home," added Keith Bradford, Senior Vice President, Olympia Development of Michigan. "We are proud to work on this exciting new project while we continue the current progress in our hometown of Detroit."