Michigan Real Estate News

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Developers Adding to Auburn Hills Business District

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Developers are building about 400 new apartments and nearly 50,000 square feet of office, restaurant, retail and commercial space. The main business district has about $55 million in new buildings that are under construction or recently completed. Interest in increasing more foot traffic and growing a walkable community are driving the developments. The hope is that by providing more residential housing options, people will realize the benefits of living in Auburn Hills.

Lobbyists Push to Ease Gravel Mining Restrictions

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Gravel miners and other business groups are pushing to make it easier to open sand and gravel mines in residential areas. Senate Minority Leader, Jim Ananich, is sponsoring a package of bills that a senate committee will consider on Thursday. The bills would take the approval of gravel mining permits away from local governments and give it to the Department of Environment, Great Lakes and Energy (EGLE). Critics say this would result in the dust and noise of gravel operations coming to many Michigan residential neighborhoods.

Bedrock Purchases Stroh River Place Property

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Bedrock LLC finalized the purchase of the Stroh River Place property from The Stroh Companies, Inc. The 500,000-square-foot building sits in the Rivertown Warehouse District, east of downtown Detroit. The purchase includes 735 parking spaces and 4.4 acres of undeveloped land. The property sits along the 3.5-mile Detroit Riverwalk and is the company’s second purchase outside of downtown Detroit. The site used to be a manufacturing and research facility. The Stroh Brewery Company purchased the building in 1979 and renovated it.