Ann Arbor Takes Steps Toward a More Walkable Neighborhood

/in /by

Ann Arbor real estate developer, Oxford Companies, plans to build a new apartment building on Ann Arbor’s south side. The space is currently used as parking for its main office. No timeline has been set for construction. The development endeavors to create a more walkable and livable neighborhood. The 226-acre area may potentially be rezoned to allow new buildings up to 300 feet which will develop a high-density and mixed-use area to create a downtown environment. The proposal would require the rezoning of 69 properties, including those around Briarwood Mall.

 

 

Washtenaw Conservationists Purchase Acreage

/in /by

The Michigan Land Conservancy purchased 162 acres of wetlands, forest and former cropland for $1 million. The acreage is located east of Ann Arbor in Superior Township. This is a second purchase toward preservation efforts in Superior Township. Previously, Superior Township leaders voted unanimously to buy 300 acres known as the “Rock property.” The newly-purchased Michigan Land Conservancy parcel is next door to that property and the township-owned Cherry Hill Nature Preserve. The speedy transaction was financed through private loans and donations, including a loan and donation from Detroit Audubon.

 

 

 

U.S. Home Prices Increased in October

/in /by

The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, increased 18.4 percent in October from a year earlier. This was a slight deceleration from the 19.1 percent increase noted in September. All 20 cities noted on the price index recorded double-digit gains with Phoenix, Tampa and Miami leading the pack. Low mortgage rates and low home inventory, along with high consumer demand, have strengthened the housing market. Chief economist of Realtor.com predicts that the price growth will slow but continue to go up as the year progresses. Mortgage rates fell again last week, signaling concern about the omicron variant depressing economic growth.

.