Michigan Real Estate News

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Landmark Trees To Be Cut For Ann Arbor Subdivision

In an 8-3 vote, Ann Arbor City Council has agreed to the controversial Concord Pines development. National homebuilder, Toll Brothers, will cut down hundreds of landmark trees to develop a 57-home luxury subdivision. Some argue that the development is not in keeping with Ann Arbor’s sustainability goals. The 30+ acre site includes land owned by Concordia University. Out of 447 landmark trees, 311 will be cut down, as well as 450 of the 741 low-level woodland trees.

Fairlane Town Center and The Mall at Partridge Creek Change Management

Fairlane Town Center in Dearborn and The Mall at Partridge Creek in Clinton Township are now being managed by Syracuse, N.Y.-based Spinoso Real Estate Group LLC. Spinoso is marketing the two malls for lease. Prior to the COVID-19 pandemic, Partridge Creek was under financial stress when Starwood Capital Partners defaulted on a $725 million loan that included the shopping center and three other mall properties in Michigan. It recently entered receivership. Fairlane Town Center entered receivership last year.

Inadequate Housing Plagues Detroiters

A new report from the University of Michigan estimates that 90,000 Detroiters live in inadequate housing. The study found that residents of color, rental tenants, people with children and those who earn less than $60,000 annually are impacted the most. The study considers housing inadequate if it has major problems with electrical needs, furnace or heating problems, or a lack of hot or running water. 81% of survey respondents had at least one problem with their home condition.  The greatest complaints included concerns about plumbing, pests, and crumbling porches.