It's about time they released details for this project...
Former Kmart HQ site to see massive mixed-use development near Somerset mall
https://www.crainsdetroit.com/real-e...se-developmentFresh details are emerging about a proposed large-scale mixed-use development on the former Kmart Corp. headquarters site in Troy.
During a Troy Planning Commission meeting Tuesday evening, one of the owners of the property at West Big Beaver Road and Coolidge Highway said the proposed Somerset West project is expected to start construction next summer.It could include up to 750 residential units, up to 500,000 square feet of office space, up to 300,000 square feet of retail space and a hotel with up to 250 rooms and parking. The precise amount of apartments or condos, and the exact amount of office and retail space, has not yet been determined. Whether a hotel is ultimately included on the site has not yet been finalized.
In addition to those uses, in the spring, University of Michigan Health said it was buying 7.28 acres of the site for $4.42 million [[at a price of $607,000 per acre) to build a new multi-specialty ambulatory center for clinical and diagnostic services on the property.
The former Kmart headquarters site, as well as the neighboring Somerset Collection mall, are owned by the Forbes and Frankel families.
Troy Planning Commission documents describe Somerset West as largely similar to a 2007 proposal for a project called The Pavilions of Troy. The primary difference is in the scope of the office and retail components, in addition to the UM Health building. The Pavilions would have had up to 500,000 square feet of retail and up to 300,000 square feet of office under the planned unit development agreement from 2007; Somerset West flips those, for up to 300,000 square feet of retail and up to 500,000 square feet of office.
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