According to a recent article in the Ann Arbor Business Review, the ex-Pfizer site in Northeast Ann Arbor will be used primarily for medical functions. Although, vehicle battery production or research were not ruled out for the existing buildings, it is assumed that new facilities would be constructed on the vacant land portion, to accommodate those endeavors. The University is in the midst of hosting a series of closed-door meetings U-M faculty about how to leverage the site to drive collaboration and new research opportunities.This is nothing but good news for the Ann Arbor region and the State of Michigan. Many of the labs could be easily adapted to physics, engineering and uses beyond pharmaceuticals. This developing assimilation of the ex-Pfizer site by the University will be a driving force behind Ann Arbors emergence from the economic downturn the area has experienced for the past several years
Ex-Pfizer Site Fast Facts:
- U-M’s Purchase Price: $108 million (what a deal!!)
- Expected Deal Closing: June 2009
- Buildings:30
- Total Acres: 174
- Vacant Area on Plymouth Rd: 29 acres
- Potential U-M Job Creation: 2000 over 10 years
If you have any comments or feedback about this post please enter your comments below. Also, if you have any real estate comments, questions or concerns feel free to contact me at the Wickland Group, associated with the Keller William of Ann Arbor. We’re dedicated to providing our customers a 10+ experience whether they’re moving into or relocation from the Ann Arbor area because… Your Move Matters To Us!
By Steve Wickland
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