place

The Kresge Foundation

Organizations established in 1924Troy, MichiganUse American English from November 2021Use mdy dates from November 2021
The Kresge Foundation logo
The Kresge Foundation logo

The Kresge Foundation is a philanthropic private foundation headquartered in Troy, Michigan, United States. The foundation works to expand opportunities in America's cities through grantmaking and investing in arts and culture, education, environment, health, human services and community development efforts. The Kresge Foundation is one of wealthiest charitable organizations in the world, with an endowment of $4.3 billion as of June 2021.

Excerpt from the Wikipedia article The Kresge Foundation (License: CC BY-SA 3.0, Authors, Images).

The Kresge Foundation
West Big Beaver Road, Troy

Geographical coordinates (GPS) Address Nearby Places
placeShow on map

Wikipedia: The Kresge FoundationContinue reading on Wikipedia

Geographical coordinates (GPS)

Latitude Longitude
N 42.560555555556 ° E -83.191388888889 °
placeShow on map

Address

The Kresge Foundation

West Big Beaver Road 3215
48084 Troy
Michigan, United States
mapOpen on Google Maps

The Kresge Foundation logo
The Kresge Foundation logo
Share experience

Nearby Places

3100 W. Big Beaver Road
3100 W. Big Beaver Road

3100 W. Big Beaver Road in Troy, Michigan, USA, is the former international headquarters of Kmart Corporation. The building, on the northwest side of the intersection of W. Big Beaver Road and Coolidge Highway, used to employ thousands of people, but has been vacant since 2006. The building was erected in 1969, designed by Smith, Hinchman, and Grylls, Inc. In 1972, the Kresge company, the precursor of Kmart, moved its headquarters there from Detroit (where its former headquarters is now the Metropolitan Center for High Technology). In 1975 a Michigan historic marker was erected to mark the significance of the company. It was constructed for more than 5,500 headquarters staff. When Kmart purchased Sears and moved its headquarters to Chicago in 2006, the building, then housing 2,000, was vacated; art from the corporate art collection including a tapestry by Picasso and a signed Warhol poster and exhibits from the science and technology collection including a work by Alan Bean signed by US astronauts were sold off.The 40-acre building is enclosed by nine towers, six smaller, two larger, and one overlooking the rest at the corner nearest the intersection of W. Big Beaver and Coolidge. The tallest tower offers a panoramic view of the surrounding area, including the adjacent Somerset Mall. The building was sold in December 2005 to Madison Marquette, a development company that planned to use the site for a hotel, condominiums, shopping, offices, and entertainment. It was sold in 2006 for US$40 million. In 2009, The Forbes Company & Frankel Associates, owners of the mall, purchased it from Diamond Troy JV, L.L.C. for an undisclosed price. While the site has remained vacant since 2006, plans to redevelop the site have been proposed. In 2008, a redevelopment project called the Pavilions of Troy proposed to tear down the old building and create an outside shopping mall, but the project was cancelled during the Great Recession. The site is slated for demolition by the city of Troy after sitting vacant for 15 years.