Milford Postpones Rezoning Request
/in SE Michigan /by Tracy WillisThe MIlford Township Planning Commission voted to postpone a rezoning request for the Kensington Ridge housing development. The 851-unit housing development requires the rezoning of 335 acres of property. The property is located at the southwest corner of Maple and Milford roads. Residents expressed traffic flow concerns. The commission will hear the issue again in April following discussions between planners and the applicant concerning density at the north end of the development, changes to the road access to Maple Lakes, and a water supply plan.
Grand Rapids Property Developer Receives Tax Incentives
/in Grand Rapids /by Tracy WillisChicago-based 3F Properties has received $3.6 million in tax incentives to transform a 3-story vacant industrial building into 173 market-rate apartments. The property is located along Market Avenue SW and will include studio, one bedroom, and two bedroom units. The Grand Rapids development will rent apartments ranging from $975 to $1700. The project also received a 10-year Obsolete Property Rehabilitation Act incentive valued at $2.9 million.
Metro Detroit Area Home Buyers Duke It Out
/in SE Michigan /by Tracy WillisMetro Detroit area home buyers compete in bidding wars for their dream homes. Homes are selling for over the asking price, and properties aren’t on the market for long. Brokers are advising clients to come in with their best offers first or risk losing out in the bidding process. Home tours are hopping with appointments every 15 minutes. In one weekend showing, some homes can receive as many as 22 purchase offers. The length of time a house sits on the market from listing to sold has dropped 34% from 2020. Showings per individual home have almost doubled.
Group Halts Work on Historic Mill Site
/in Northern Michigan /by Tracy WillisRezoning of the historic Glen Arbor Mill faces opposition. A group was able to successfully halt work on the site for 30 days while they collected signatures to add a referendum on the November ballot. The property owner intercepted an email in an effort to discredit the group. The rezoning of the historic property remain controversial.
Hudson’s Site Tower Takes Shape
/in Detroit /by Tracy WillisThe Hudson’s site tower is finally showing above-ground signs of construction three years after the Bedrock Detroit real estate firm broke ground at the old J.L. Hudson building site at 1200 Woodward Avenue. The property will include 150 residential units, a 200-plus-hotel, 400,000 square feet of office space, a 1,200-person event space, and 18,000 square feet of retail space. The completion date has been pushed back to the 2nd quarter of 2024. The planned tower is now also much shorter than the original concept.
Lansing-Based Developer Contracts the Linda Dresner Building
/in SE Michigan /by Tracy WillisRon Boji, head of the Lansing-based Boji Group, has put the Linda Dresner Building in Birmingham under contract for an undisclosed amount. Boji has letters of intent from two national retailers. Although he isn’t disclosing who the retailers are, one of them will occupy the first floor of the Dresner building and the other will occupy the Maplewood Building he purchased last year. Boji Group will relocate its headquarters to the second floor of the Dresner building while continuing to maintain a presence in Lansing.