Michigan Real Estate News

Timely  |  Relevant  |  Informative

Woodward West Nears Completion

Construction crews continue to make steady progress on Woodward West, the five-story apartment building in Midtown Detroit. The residential and retail development has already started pre-leasing and should be completed this summer.  The development will add 204 apartments and 25,000 square-feet of retail space to the Midtown community. The first floor will consist of retail space.

Downtown Birmingham Office Building Sells for $14 Million

Farmington Hills-based Bacall Companies LLC has purchased a downtown Birmingham office building and parking deck at 380 N. Old Woodward Ave for $14 million. The company plans to invest $1 million in renovations that will include tenant improvements. Renovations will begin in the next 45 days. The 42,000-square-foot building is 100% leased and is the second key downtown Birmingham office building sold this year.

 

Amazon Fresh Grocery Stores Are Taking Their Sweet Time

Construction on the Rochester Hills Amazon Fresh grocery store has stalled. In fact, work has stalled on three of the four Amazon Fresh stores in the region, Shelby Township, Rochester Hills and Troy. Construction at the Livonia location continues. Although Amazon has never confirmed it’s opening branded grocery stores in the region, sources point to site plans that were submitted to the four communities over the last year. Sources also believe that Amazon is waiting until early 2023 to open all the locations at once.