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New Mixed-Use Development Coming to Ferndale
/in SE Michigan /by Tracy WillisFerndale’s Rosie O’Grady site is slated for redevelopment. The Ferndale Planning Commission has approved plans for a mixed-use development on the site. It will become the home to an Atlantic and Pacific seafood restaurant, a Mexican barbecue restaurant, office space, and 11 second story apartments. The one or two bedroom perimeter apartments will have balconies along with hot tubs and natural gas fire places. Apartments in the center of the building will have glass walls facing a private courtyard. The apartments are a requirement by the City and the zoning requirements in the Central Business District.
Real Estate Market Trend Predicted to Continue
/in SE Michigan /by Tracy WillisRealtors and brokers predict that Metro Detroit home prices will continue their record-breaking trend into the fall and holiday season. Virtual home inspections and online home purchases are likely to return to in-person showings and open houses. In June 2021, single-family real estate sales shattered records with median sales prices at their highest levels ever, and the number of homes available for sale rose for the second straight month. According to Realcomp, the median sales price rose 18.4 percent to $244,000 for single-family homes. Home showings also increased in June, and the average time on the market went from 60 to 22 days.
Home Furnishing Store Slated for Birmingham
/in SE Michigan /by Tracy WillisBirmingham’s planning board voted to recommend approval of a final site plan and special land use permit for a building that will house RH, an upscale home furnishings store. Formerly known as Restoration Hardware, the store will be housed in a new four-story building on the southwest corner of Old Woodward Avenue and Brown Street. Buildings on that site, at 300-394 S. Old Woodward Avenue, will be demolished to make room for the 54,000 square-foot building. RH will be an anchor tenant in the building. A restaurant will occupy the top floor.