Hunter Pasteur Homes’ request for planned unit development eligibility for the Northville Downs property was approved by the Northville Planning Commission. The redevelopment presentation was heavily scrutinized during the almost 5-hour meeting. However, the approval comes with attached strings. The developer must submit a current traffic study, provide values of benefits, the funding it is […]
A conceptual plan that was submitted to the city of Detroit in July envisions a 24-story, 290-foot residential high-rise as part of the former Joe Louis Arena’s redevelopment. According to the Sterling Group, the tower would tentatively be named The Louis and house 500 studio and one-bedroom units. Other possible uses in addition to the […]
The site of Detroit’s only Big Boy restaurant, across from Belle Isle, is back on the market. The Platform LLC has backed away from its plans to build new apartments on the site. The Farbman Group is marketing the property for an undisclosed price. According to a Platform spokesperson, the company remains committed to its […]
Traverse City’s Cherry Capital Airport had its busiest month in July of 2021, serving just under 113,000 travelers. According to the airport’s director, the airport’s peak summer traffic could grow by another 32% by 2030. The airport is making preparations to support that growth. The Northwest Regional Airport Authority approved a parking expansion that will […]
Rhodium Capital Advisors closed on the purchase of the former Hyatt Regency hotel in Dearborn on Wednesday. The Manhattan-based real estate company purchased the property for an undisclosed sum. The company owns and operates 17,000 apartments across the U.S. It plans to convert the 772-room hotel into a multifamily, market-rate apartment complex with 375 unites. […]
The state psychiatric hospital site in Northville Township will be demolished as early as the summer of 2022. The hospital has been closed since 2003. The Northville Township Board of Trustees approved a $12 million bond sale to fund the clearing of the site. Previously in 2018, the site’s nine-story structure was demolished in 2018. […]
The James Burgess Book Jr. mansion on East Jefferson Avenue will most likely hit the market for sale in the very near future. The property has been taken back by a foreclosing lender. The 1911, 12,000-square-foot building had been owned by Historic Book House LLC. The approximate $1.245 million mortgage is from December 2016. Soaring […]
With Detroit-based Walbridge Group’s new warehouse in Lyon Township utilized by a German auto supplier, the construction company has begun putting up another warehouse. Webasto Roof Systems Inc. has leased the Lyon Distribution Center I. Distribution Center II is under construction with 150,000 square feet of building space to be complete in the next 12 […]
Southfield-based Redico LLC and New York City-based Mavik Capital Management LP have bought the Volkswagen of America Inc. building in Auburn Hills. The building at 3800 Hamlin Road sold for an undisclosed price. Details of the structure of the joint venture are not public. Volkswagen had considered moving its Auburn Hills operations to Southfield but […]
Detroit-Wayne County Port Authority alleges that the Ambassador Port Co. is not taking the appropriate steps toward demolishing the Boblo building. According to the port authority’s law firm, Ambassador Port is acting in violation of its Master Concession Agreement with DWCPA. The razing of the Boblo building is included in a pending deal between the […]
