Michigan Real Estate News

Timely  |  Relevant  |  Informative

Revised Fisher Property Plan Approved by Farmington Hills City Council

Farmington Hills City Council has approved a revised planned unit development and site plan for a skilled nursing facility and residential units at the St. Vincent and Sarah Fisher Center. The initial plan proposal was denied in October 2021. Optalis Healthcare and Robertson Brothers’ revised plan decreases the number of dwellings on the property. Originally, the plan included 156 townhomes, but now it includes a combined 94 townhomes and detached single family homes. The townhomes will face Inkster Road, and the single family dwellings would back up to the neighborhood west of the property. Optalis also decreased the bed count on the skilled nursing center from 350 to 100.

 

Stiiizy Opens Ferndale Dispensary

California’s best-selling cannabis brand is coming to Michigan. Stiiizy opened its new location in Ferndale this past weekend. It hosted a grand opening at 642 E. Nine Mile Road. Stiiizy offers a clothing line, skateboard decks, and smoking accessories in addition to cannabis products. The company has previously partnered with charitable efforts in Michigan. In 2021, Stiiizy partnered with the Michigan Urban Farming Initiative to host an event to teach sustainable gardening to children at Detroit’s MUFI urban farm.  In early 2022, they worked with Easterseals Miracle League to fundraise for a new accessible field in Orion Township’s Friendship Park.

 

 

New Michigan State Law Is Pricing Out Redevelopment Plans

A new state law that allows for former property owners to collect surplus proceeds after a foreclosed property is sold is crippling redevelopment plans. The law received praise because it allowed those who were able to recoup some of the money from sales that would have gone into county government monies. More than 300 metro Detroit property owners filed forms to recoup the profits of the auction sales on their foreclosed properties. According to Hazel Park City Manager, he rejected taking two properties that the city would’ve normally developed because former property owners had filed claim forms on them. In Oak Park, the city passed on a property with a filed claim form because its value was too high. The claims add more cost to the purchase price of the foreclosed homes, making them prohibitively expensive.