The University of Michigan Health system has purchased the site of the former Kmart headquarters in Troy with plans for a multi-specialty facility. The move to buy a portion of the vacant land is part of U-M Health’s plan to expand its footprint into Metro Detroit.
The newly acquired land has sat vacant since 2006, and demolition started late last year on the property. The UM Board of Regents had unanimously approved a motion to buy the 7.8-acre property for $4.42 million. The property is on a 40-acre plot at 3100 West Big Beaver Road and was previously owned by Forbes/Frankel Troy Ventures LLC.
The new facility, which will focus on advanced specialty and diagnostic services, is a way to expand specialty clinical services and patient access in Oakland County, where there are no other exclusively adult Michigan Medicine facilities today. The services are expected to include cancer care and ambulatory surgical procedures.
The post University of Michigan Plans Expansion at Former Kmart HQ Site appeared first on Connect CRE.
