Quote Originally Posted by fastcarsandfreedom View Post
It's good news for the City of Troy going forward--as it appears that the property will some day be a revenue generator again. What happens and when is anyone's guess--but this is a serious developer and one which takes it's reputation seriously. Somerset's continuing success in light of the economic climate is a testament to that. I would think they'd be looking at something mixed-use with a strong retail component--maybe a lifestyle-type set-up with retail, dining and entertainment.
In other words, there's a high likelihood that the Kmart site will be redeveloped into something resembling a pedstrian-friendly urban form...

...while the City of Detroit continues to build more parking lots and strip malls.