The University of Michigan Health School is set to purchase 7.28 acres of vacant land at the former Kmart Corp. headquarters in Troy, Michigan. The university plans to build a multi-specialty facility on the property, with a focus on expanding clinical services and increasing patient access in Oakland County.
The project will cost $4.42 million and will be financed by Forbes/Frankel Troy Ventures LLC. Dr. Marschall Runge, CEO of Michigan Medicine, expressed his excitement about the long-term presence and commitment to patients in Oakland County. He highlighted the university’s efforts to create a statewide care network that allows Michiganders to access world-class care closer to home.
The facility will focus on advanced specialty and diagnostic services, marking the beginning of UM Health’s expanded presence in Southeast Michigan. It will also include a clinical program for multidisciplinary cancer care. To minimize environmental impacts, the building will adhere to the university’s Leadership in Energy and Environmental Design (LEED) guidelines.
The former Kmart Corp. headquarters opened in the early 1970s but has been vacant since 2006 following its merger with Sears Holdings Corp., and moving operations to the suburbs of Chicago. Demolition of the building and parking structure began last year, and now this expansion represents a significant investment in creating a health center for the community.
In summary, the University of Michigan Health School is making a significant investment in creating a health center for Oakland County by purchasing 7.28 acres of vacant land at the former Kmart Corp headquarters for $4.42 million from Forbes/Frankel Troy Ventures LLC.
Dr Marschall Runge expressed his excitement about this long-term commitment to patients in Oakland County as he highlighted UM Medicine’s efforts to create a statewide care network that allows Michiganders to access world-class care closer to home.
This new center will focus on advanced specialty and diagnostic services marking UM Health’s expanded presence in Southeast Michigan.
It includes a clinical program for multidisciplinary cancer care which adheres to UM Medicine’s Leadership in Energy and Environmental Design (LEED) guidelines.
The former Kmart Corp headquarters which opened in early 1970s has been vacant since 2006 following its merger with Sears Holdings Corp., but now it represents an opportunity for UM Medicine’s expansion into Southeast Michigan with this significant investment creating a health center for Oakland county residents.