Michigan Real Estate News

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Northville Downs Discussion is Back on the Table

Hunter Pasteur Homes, Forbes Company, Toll Brothers and Oboran have submitted a conceptual presentation for an August 30 virtual meeting with the Northville Planning Commission. Hunter Pasteur is renewing its efforts to purchase the Northville Downs harness horse-racing facility and surrounding parking lots after a two-year hiatus. In the past, Northville residents were resistant to the increased population and traffic density the original plans would’ve created. Hunter Pasteur representatives held feedback sessions with Northville residents to gain an understanding of what residents would like to see (or not) if the property was developed. After pandemic-related delays and community feedback sessions, Hunter Pasteur has revised its original plans.

Biden’s Eviction Ban Policy Heads to the Supreme Court

The replacement evictions moratorium will stay in place for now, according to the federal appeals court. A spokesman for the National Association of Realtors is confident that the Supreme Court will block the policy. The Center for Disease Control and Prevention imposed the evictions moratorium on August 3 in counties where Covid-19 is accelerating. Currently, that covers about 91 percent of the counties in the United States. The Delta variant has caused new coronavirus cases to soar, while the $46.5 billion rental assistance funds appropriated by Congress have yet to be widely distributed.

 

Luxury In The Forecast For Muskegon

Thirty acres of Muskegon waterfront property are slated for a $250 million redevelopment project that includes luxury condos, a marina, restaurant, event space and expanded public trails. Adelaide Pointe QOZB LLC revealed the details of their plans for the Adelaide Point project to city officials and environmental advocates. The developer began acquiring the properties in March of 2021. The project aims to double the size of public access and expand trails, greenspace, and fishing areas. Over the next two years, the goal is to construct one of the 5 residential buildings, a 55-unit luxury condominium building, a marina, and a multi-use building that will include restaurant, retail and event spaces. The Adelaide Point project is a ten-year plan.