News Summary
Developer Nathan Forbes is expressing frustration with the Troy Planning Commission’s delays on the redevelopment of the former Kmart site. Aiming to transform the 40-acre property into a $250 million healthcare facility and mixed-use development, Forbes faces challenges as the commission postponed a crucial vote. Concerns about communication and project timelines persist, leaving the community eager for progress on this pivotal redevelopment initiative.
Troy Developer Frustrated by Planning Commission Delays on Kmart Site Redevelopment
Troy is buzzing with energy as developers focus on breathing new life into the city’s landscape, particularly the former Kmart headquarters site. However, the recent Troy Planning Commission meeting revealed tensions as developer Nathan Forbes expressed his discontent with ongoing delays surrounding the redevelopment project. Forbes, who is helming the initiative through his Southfield-based company, Forbes Co., has been eagerly working on plans to transform the approximately 40-acre property since September.
The Big Picture: A New Vision for Kmart’s Old Home
The ambitious proposal aims to establish a *$250 million* multi-specialty, ambulatory care facility anchored by none other than the *University of Michigan*. What’s more, Forbes envisions adding about *750 residential units* and *500,000 square feet of office space* to the site, providing a dynamic mix of living and working spaces tailored for modern-day needs.
As the commission convened for nearly three hours of deliberations, tensions rose when they decided to postpone a critical vote that would recommend approval of the conceptual development plan to the Troy City Council. The commission’s requests for additional information before proceeding included a presentation on a master plan for the *17 acres* controlled by the University of Michigan, details on the mix of housing, office, retail, and other types of spaces, and suggestions to increase the park area to more than just over one acre.
Forbes’ Concerns: Time and Money Invested
Investor Nathan Forbes was visibly frustrated as he addressed the room. After pouring hundreds of thousands of dollars into the project for attorney fees and consultancy, the continual requests from the commission felt like yet another hurdle. Contrast this with the potential that exists for a seamless partnership with the University of Michigan, which operates under state law as a “body corporate” and is exempt from local zoning regulations. This unique classification adds an interesting layer to the ongoing redevelopment discussions.
Forbes pointed out that the university could acquire the entire site, leaving the city with little say in future developments, and that’s not his intention. His sentiment reflects a broader concern about progress stalling even after months of discussions and planning.
What’s Next for Troy’s Redevelopment?
The committee’s decision to delay was based on a *7-1* vote, sending Forbes back to the podium to communicate his concerns. Development advisor Luke Bonner noted that there appears to be a breakdown in communication between the city leadership and Forbes, which adds to the ongoing frustration.
To move forward, Forbes must provide a revised concept development plan that addresses the Planning Commission’s requests. Community development director R. Brent Savidant reported that a future meeting to discuss necessary amendments has not yet been scheduled, leaving the timeline for construction, initially expected to begin in *March 2024*, uncertain.
The former Kmart property, vacant since the mid-2000s and undergoing demolition in fall 2023, has the potential to be a vibrant hub for the Troy community if all parties work together efficiently. The longer it takes to iron out these details, the longer the area remains untouched. The stakes are high, and Troy residents are eager to see how this project will unfold, seeking a blend of residential, commercial, and medical facilities that meet the city’s needs.
In Summary
The Kmart site redevelopment is a pivotal project for Troy’s future, and while hurdles in the planning process are to be expected, it’s essential for developers, city officials, and community members to unite in their vision for a revitalized area.
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- Google Search: Detroit Real Estate News
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- Google Scholar: Redevelopment Projects Michigan
