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Oakwood Investment Triggers the Development of a New Landmark in Downtown East Dearborn
Date:4/29/2009

Officials join together to break ground on a revitalization project for the community

DEARBORN, Mich., April 29 /PRNewswire-USNewswire/ -- Oakwood leadership today joined representatives from Midwest Health Center, the City of Dearborn and Redico Development Company to break ground on the Dearborn Town Center development project - a mixed use development that will offer multi-specialty medical care, retail, office space and an assisted living facility for seniors located on the corner of Michigan Avenue and Schaefer in the heart of downtown east Dearborn. The $70 million Dearborn Town Center project will serve the citizens of Dearborn, Detroit and southeast Michigan.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090429/DC08221)

"Oakwood has made a commitment to revitalize downtown east Dearborn by investing in a state-of-the-art development and we are proud to partner with Midwest, Redico Development Company and the City of Dearborn in order to make this investment a reality," said Brian Connolly, President and CEO, Oakwood Healthcare, Inc. (OHI). "Oakwood and Midwest share a longstanding presence in the Dearborn community and we are eager to bring this project to life and serve our friends and neighbors in this region."

The property sits on a historic and highly visible street corner - land that was formerly Montgomery Ward. The vision for the project is to create a village atmosphere through a comprehensive mix of services. Oakwood and Redico will jointly own the medical office development, which will span more than 125,000 square feet of the development.

In January of this year, Oakwood acquired all five Midwest Health Center locations from Dr. Mark Saffer and his partners, including offices in Dea
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SOURCE Oakwood Healthcare System
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