Michigan Real Estate News

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Hefty Price Tag for Bayfront Traverse City Hotel Resorts

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Two of Traverse City’s bayfront hotels are for sale. The $47 million price tag includes Sugar Beach and Grand Beach Resort Hotels. Built in the 1990s, both properties would set a record for lodging sales in Traverse City. Mount Pleasant-based LaBelle Management operates both resorts.

 

 

Amazon to Add Four New Michigan Sites

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Amazon will add four new sites in 2022 and 2023. The announcement is expected on Wednesday. It will open its first mid-Michigan fulfillment center and three more facilities in the Metro Detroit and Grand Rapids areas. The new sites include a 1 million-square-foot fulfillment center just west of Lansing, a sort center and delivery station in the Grand Rapids area, and a delivery station in Canton Township. Amazon has created more than 21,000 jobs in Michigan so far. With the new site in the Lansing area, the company expects to create more than 500 full-time jobs. The other centers will create hundreds of jobs, as well.

Automotive Country Club Heading to Howell

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A father and son duo plan to bring a multimillion-dollar automotive country club and garage development to a 270 acre site owned by the city of Howell. Motorsports Gateway includes 67 private garage suite units and a 2.2 mile European-inspired road course. Previously the duo owned JD Racing Indoor Karting in Novi but sold it in January. The first phase of Motorsports Gateway includes the track, garage suites, a pit lane clubhouse and amenities, and a $65 million price tag. Groundbreaking should take place next summer, and phase one should be completed by the end of 2025. Phase two calls for an auto innovation park and mixed-use construction that will cost an additional $35 million.