BUSINESS

New vision for Kmart's old headquarters in Troy: But could it work?

The former Kmart headquarters in Troy have been vacant since the firm merged with Sears in 2006.

Troy — As Kmart ends its story in Michigan and closes its last store here in Marshall, the former Kmart Corp. headquarters in Troy still sits awaiting its next chapter.

The property at 3100 W. Big Beaver Road, likened in the past to an assortment of brown shoeboxes sticking out of the ground, has been empty for 15 years. Its future is not yet clear — but experts say it could be a bright one, given the attractiveness of the site, high demand for new housing, a rebound in the retail market and an improving economy that could provide a better chance for redevelopment than when the site last changed hands more than a decade ago.

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