Ford Motor Co. announced plans Monday to complete a new headquarters in Dearborn, Mich., and demolish its nearly 70-year-old home known as the Glass House.

Ford Motor Company plans to fully open its new Dearborn, Mich., headquarters in 2027. Photo courtesy of Ford Motor Company UPI

Sept. 15 (UPI) -- Ford Motor Co. announced plans Monday to complete a new headquarters in Dearborn, Mich., and demolish its nearly 70-year-old home known as the Glass House.

The company said its new campus, the Henry Ford II World Center, will be twice as large as its current headquarters, allowing employees to "work more closely together than ever before."

Up to 4,000 people will be able to work from the new 2.1 million-square-foot headquarters once completed, with about 14,000 employees working within a 15-minute walk of the building.

In a news release, Ford said the new building will be "a catalyst for innovation and a physical symbol of our Ford+ transformation."

The campus is under construction and hundreds of employees are already working there, Ford said.

"While the majority of the facility will be complete this year, work will continue through 2027 on a final section of the site," the Ford release said.

As part of the new headquarters project, Ford announced it will be demolishing its current facility, the "iconic" Glass House, built in 1956 to hold about 2,000 people.

"Once our teams have vacated the building, it will be sustainably decommissioned and ultimately demolished over the course of roughly 18 months as we prepare to repurpose the site as an asset to our teams and our community," Ford said.

"The future of our industry demands a different kind of space -- one that is more connected, more flexible and built for the speed of technology -- and software-driven company."