UM Health buys old Kmart HQ land for $4.4M, plans bigger Metro Detroit presence
The University of Michigan Health is planning to buy the former Kmart headquarters in Troy for $4.42 million. The University of Michigan Health system plans to purchase vacant land at the former Kmart headquarters in Troy for $4.42 million. The purchase is expected to be approved by the Board of Regents at its meeting. The new facility will focus on advanced specialty and diagnostic services and is intended to expand patient access in Oakland County. Michigan Medicine CEO Marschall Runge said this move is a starting point for a broader UM Health presence in southeast Michigan. The former KMart headquarters has been vacant for over 15 years and was slated for demolition last fall.
发表 : 4 周前 经过 , The Detroit News 在
The University of Michigan Health system plans to purchase vacant land at the former Kmart headquarters in Troy to build a multi-specialty facility on the property, according to a university news release on Thursday.
Officials expect the 7.8-acre, $4.42 million purchase to be approved by the University of Michigan Board of Regents at its Thursday meeting. The property is located 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, according to the news release. Michigan Medicine CEO Marschall Runge said it is a starting point for a broader and deeper UM Health presence in southeast Michigan.
"We are thrilled to announce our plans for a long term presence and commitment to patients in Oakland County, in keeping with our efforts to create a statewide network of care that allows Michiganders the ability to receive our world class care close to home," Runge said in the news release.
The former retail giant's headquarters has sat vacant for over 15 years and was slated for demolition last fall.
"We believe this new investment will bring our U-M Health expertise to a whole new community of patients, providing easier access for metro Detroit residents to our nationally renowned clinical expertise and innovation," David Miller, president of U-M Health, said in the news release. "We are excited to move into a prominent, easily accessible location in Troy, where we will continue to expand our presence. We expect this new facility will be a location for advanced and innovative clinical programs including multi-disciplinary cancer care."