Michigan Real Estate News

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Northville Downs Developer Pitches Reduced-Housing Plan

The proposed Northville Downs development continues to work through the municipal approval process. Hunter Pasteur Homes has been meeting with the Planning Commission on a plan that would bring in excess of 440 units of housing to the horse racing track site. The development would include 38 single-family homes, 98 townhomes, 28 carriage houses, 62 row houses, 172 apartments and 43 condominiums. A third of the site’s acreage would be designated to parks and green space, along with commercial space. The 11-acre northern portion of the Northville Downs site has been sold to Perennial Northville LLC, an affiliate of Hunter Pasteur.

 

Suburb Home Values Outpace Urban Areas

The suburban real estate market is winning the property value race against the urban market. Up until June 2021, urban homes were gaining dollar value more quickly. However, after July 2021, home values in the suburbs rose faster due to the shift to remote work. Urban home values have continued to accelerate, but suburban home values are edging them out.

 

Grand Rapids College Negotiates For New Public Safety Training Site

Grand Rapids Community College is eyeballing 47 acres on which to build a major public safety training facility. The GRCC board of trustees is negotiating for property near the corner of Bristol Avenue and Three Mile Road in Walker.  GRCC had looked at a number of sites in and around Grand Rapids before setting its focus on the Walker property. GRCC staff is excited by the prospect of bringing additional training and continuing education to its students and those already in the public safety career field.