Presenting Sponsor: Event Sponsor:
Topic: How Ford is Reimagining Michigan Central Station
Ford’s restoration of the historic Michigan Central Station as the centerpiece of a new destination in Detroit’s oldest neighborhood continues to captivate the city. The long-abandoned train station will be returned to its original grandeur – with local shops and restaurants – creating a vibrant, inclusive public space, while the tower will be transformed into modern office space. As renovations get underway and the development plan takes shape, join us for a deep dive into the project with Paula Carethers, Detroit Development Manager for Ford Motor Company.
Paula Roy Carethers
Detroit Development Manager
Ford Motor Land Development (Ford Land)
Paula is a seasoned urban planning professional with experience in large-scale mixed-use developments and affordable housing. She leads the visioning, curation and implementation for Ford’s Detroit development project, including the restoration of Michigan Central Station, and the creation of a new center for mobility and innovation in Corktown. In her role, she will help guide the master planning activities and serve as a liaison with public partners and key stakeholders spanning mobility, sustainability, urban design and planning, public policy, arts and culture, finance, and creative technology development.
Prior to joining Ford in March 2019, Carethers served as the executive vice president for real estate at the New York City Housing Development Corporation, a public benefit corporation, which consistently ranks among the nation’s top multi-family bond issuers surpassing $1B in each of the last five consecutive years. In this role, Paula oversaw the Corporation’s real estate development and asset management departments responsible for all mixed-use new construction and preservation originations, as well as portfolio analysis, compliance, and lease up for a portfolio of over 200,000 projects and $9.8B in mortgages.
In previous roles, Carethers has led the consolidation and refinancing of the State’s Mitchell Lama portfolio, provided oversight of a 22-acre mixed-use the Atlantic Yards/Pacific Park development in Brooklyn, NY, and served as the President of the Queens West Development Corporation. She was also on the team that gained public approvals for the 2.8M sf redevelopment of the historic Domino Sugar Refinery and began her New York career steering large-scale planning efforts for the New York City Economic Development Corporation, including the post-911 lower Manhattan rebuilding efforts, the rezoning of 125th street, and planning for Brooklyn Bridge Park.
Paula holds a Masters in Urban Planning from the University of Michigan and a Bachelor’s degree from Michigan State University. Born and raised near Detroit, she is excited to return to the city with her husband and two children after 15 years living in New York.
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