The University of Michigan Health is set to purchase 7.28 acres of vacant land at the former Kmart Corp. headquarters in Troy, Michigan for $4.42 million from Forbes/Frankel Troy Ventures LLC. 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.
Dr. Marschall Runge, CEO of Michigan Medicine, expressed excitement about the long-term presence and commitment to patients in Oakland County. He highlighted the university’s efforts to create a statewide network of care 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 a broader U-M Health presence in southeast Michigan.
The new center will also include a clinical program for multidisciplinary cancer care. The building will adhere to university guidelines for Leadership in Energy and Environment Design (LEED) to minimize environmental impacts. Demolition of the building and parking structure began last year, with Forbes/Frankel Troy Ventures funding the project. Overall, the University of Michigan Health’s expansion at the former Kmart site represents a significant investment in creating a healthcare hub for the community.
The former Kmart Corp. headquarters opened in the early 1970s but has been vacant since 2006 following a merger with Sears Holdings Corp., relocation of operations to suburban Chicago, and demolition of part of it last year due to its poor condition.
The acquisition by U-M Health is expected to bring positive changes to Oakland County as it will provide residents with greater access to high-quality healthcare services within their local area.
This new center will not only benefit Oakland County residents but also contribute significantly towards building U-M Health’s reputation as an industry leader in healthcare delivery across Southeast Michigan.
With this expansion, U-M Health is reaffirming its commitment towards improving patient outcomes while keeping costs under control through innovative approaches such as telemedicine and remote monitoring technologies.
Overall, this move by U-M Health is an exciting development that will have far-reaching benefits for patients and communities across Southeast Michigan.