Michigan Real Estate News

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Challenges Continue With Traverse City’s New Construction Market

Homeowners who want to build in the Traverse City area are facing hurdles. They need to come with cash, a buildable lot, a contractor with a pool of skilled tradesmen, and then more cash to offset the increase in building materials. There has been a 250% increase in lumber prices. The annual average increase is between 3 and 7 percent. Many construction companies are booked months ahead. Those that are available for work are struggling with supply chain issues. Workforce issues also contribute to construction delays.

Home Furnishing Store Slated for Birmingham

Birmingham’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.

 

Shipping Companies Find a Home in Romulus

Logistics businesses are moving into Romulus, bringing more than 500 jobs to the area. The Ecorse Commons Industrial Park, near Detroit Metropolitan Airport, houses Hearn Industrial Services, Pitney Bowes, DHL, LaserShip and Lowes Inc. With e-commerce taking off, it joins another million square feet of warehouse space that has been built in Romulus in the past couple of years. The city of Romulus credits the developments to its streamline approach to permits and approvals, as well as the proximity to both Detroit Metro and Willow Run airports.