Schematic designs for a new academic building and renovation of the Kresge Business Administration building were approved April 17 by the Board of Regents.
The $135 million construction project will provide room to grow for the Stephen M. Ross School of Business and create a unified look for the entire business school complex.
The Ross School project will add classrooms, study space, faculty research and office space, and improve nonacademic operations to help the student experience with added space for admissions, financial aid, student life functions and on-site recruiting students.
A glass atrium will provide an open gathering place for faculty, staff and students overlooking the central courtyard.
The project also includes consistent exterior finishes to Sam Wyly Hall, the Business Administration Executive Residence and the Hill Street Parking Structure to create a unified look for the business school facilities.
The new building will include 104,000 square feet of space. Renovation work will cover 75,000 square feet.
Designs also call for connections from the new building to existing buildings to improve efficiencies throughout the business school complex.
The entire project will be financed by gift funds, including $100 million from New York real estate developer and U-M alumnus Stephen M. Ross.
Construction is expected to be completed in the fall of 2016.