Owner making plans for long-vacant Kmart HQ in Troy

Posted on November 18, 2016

Details expected in 6-9 months, Nate Forbes says

The long-vacant former Kmart Corp. headquarters in Troy is undergoing a master-planning process and more details are expected to be known in the next six to nine months, according to the property’s owner.

Nate Forbes, managing partner of Southfield-based Forbes Co., said in response to an audience member question during a panel discussion Thursday that his company is “in the middle of a master-planning exercise” for the 1.1 million-square-foot vacant office building on Big Beaver Road and Coolidge Highway.

“We feel the need in Troy for a real communal place, a central gathering spot, surrounded by some potential lifestyle and other-type uses complementary to Somerset,” said Forbes, who owns nearby Somerset Collection shopping mall.

Continue reading full article on Crain’s Detroit Business.