Northville Downs Discussion is Back on the Table
/in SE Michigan /by Tracy WillisHunter 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.
Luxury In The Forecast For Muskegon
/in Northern Michigan /by Tracy WillisThirty 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.
Detroit’s Condo Market Picks Up
/in Detroit, SE Michigan /by Tracy WillisEarlier this year, Detroit’s condominium market had 11 months of inventory. Now, it’s down to 7.6 months of inventory, ranging from downtown to areas east, north and west. That promises a healthy supply and demand, albeit probably short-lived. The rising costs of building materials, as much as 50 percent, are driving construction costs up and could threaten to cripple condo development projects. Increases in price may drive future buyers away. Empty nesters and older buyers are gravitating toward luxury condominium purchases, while first-timers or younger buyers are deciding to purchase single-family homes after seeing the high prices of condos.
Cannabis Retailer Opens in Coldwater
/in SE Michigan, Western Michigan /by Tracy WillisSkymint Inc., Michigan’s largest cannabis retailer, opened its 15th store in half of a vacant department store in Coldwater. According to the company’s president of retail, bigger spaces like the former Sears building are appealing because it gives the store a big blank canvas with which to work. The artsy, boutique-vibed store offers 60 cannabis brands. Skymint has grown quickly since entering the retail market in 2019. It can also be found in Bay City, Big Rapids, East Lansing, Flint, Hazel Park and Lansing.
MDOT Discusses Plans for Detroit’s Amtrak Site
/in Detroit, SE Michigan /by Tracy WillisIn February, the Michigan Department of Transportation met with developers to discuss Detroit’s Amtrak site. They want to build a new intermodal transportation facility on the site, with a mix of transit uses like passenger rail and bus, and maybe even residential and retail. MDOT is exploring private development on the property in an effort to offset the $36 million-$45 million cost of the intermodal facility. MDOT is applying for a federal RAISE (Rebuilding American Infrastructure with Sustainability and Equity) grant through the U.S. Department of Transportation.
Township Board Defies Planning Commission Recommendation
/in SE Michigan /by Tracy WillisThe Huron Township board has rebelled. Detroit-based Sterling Group and Texas-based Hillwood Enterprises LP is constructing new warehouse and distribution space totaling 1.27 million square feet for Amazon.com Inc. Now, they want an amendment to the township’s zoning rules to be allowed to build another distribution center for Home Depot, totaling 450,000 square feet. The trustees approved the amendment and ignored a unanimous planning commission recommendation that put the brakes on construction. Concern over the impact of truck traffic on the southern Wayne County community is high.