UM to Buy Oakland Ave. Property

At its Sept. 15, 2011 meeting, the University of Michigan board of regents authorized the $730,000 purchase of 716 Oakland Ave. in Ann Arbor, between Monroe and Hill streets. The 0.14-acre parcel includes a 2,018-square-foot apartment building. The tentative closing date is set for Sept. 30.

According to a staff memo, the property is strategically located next to South Hall and Weill Hall, which houses the UM Ford School of Public Policy.

This brief was filed from the boardroom of the Fleming administration building, on UM’s Ann Arbor campus. A more detailed report will follow: [link]