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Charlevoix Mansion Garners High Price Tag

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A Charlevoix mansion has sold for the enormous price of $9.845 million dollars. According to Interluxe, a luxury real estate marketplace, that price tag is the 5th highest resale price ever for a residential property in Michigan. The lakefront home at 08425 Raspberry Lane in Charlevoix drew more than $205 million in total bids over four days. The  10,000 square foot home designed  by J Bradley Moore & Associates Architects for Frank Macher. It was built in 2009.

 

Blake’s Orchard & Cider Mill Takes Over Erwin Orchards

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Blake’s Orchard & Cider Mill owners will take over operations at Erwin Orchards. They hope to maintain the integrity of Erwin’s but with a Blake spin on it. Orchard Crossing, a 181-acre development at Silver Lake and Kent Lake roads will be positively impacted by the deal.  The Orchard Crossing development will leave 104 acres for preservation of orchards, the cider mill and other new enterprises. Blake’s is planning a 20,000-square-foot tasting room with a full-service restaurant, bar service and cidery/beer brewing. The year-round facility will be located on the northeast corner of Silver Lake and Ken Lake roads.  The north side orchard operations area will also include a 20,000-square-foot venue with a 400-person capacity and an outdoor patio. On the south side of Silver Lake, the existing cider mill will be expanded with a cider press, cafe, retail sales and office.

 

 

 

Developers Move Forward With Mobile Home Park in Ann Arbor Area

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Sun Communities, Inc. is facing opposition from residents who don’t want hundreds of manufactured homes in the area. The Southfield-based company owns and operates mobile home parks, RV resorts and marinas across the United States.  The company had initially proposed a 500-unit mobile home park on about 140 acres on either side of U.S. 23 along Warren Road. The Ann Arbor Township denied that rezoning request.  The developers plan to continue with the manufactured homes development on the east side of U.S. 23 on 80 acres that is appropriately zoned for a dense mobile home park. About 17 neighbors attended the township planning commission meeting to protest the developers’ plans.

5-Story Building Planned For Downtown Birmingham

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Birmingham-based developer, Surnow Co., has submitted plans for an 80-foot high, 53,000-square-foot building on the rear of the post office building parking lot. The developer currently has its offices in the redeveloped post office property at 329 Martin St. The building will include 5,400 square-feet of first-floor retail space, about 19,200 square feet of office space on the second and third floors, and six residential units on the fourth and fifth floors. It will also include underground parking with an automated parking system. The project is still in the planning stages.

 

Ilitch And Ross Release Detroit Center Renderings

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Stephen Ross and the Ilitch organization have released conceptual renderings showing new retail, housing and office developments in Detroit’s sports venue district.  The projects include new construction, as well as reuse of existing buildings. The renderings show a future hotel on Henry Street, an office tower with ground-floor retail space along Woodward Avenue next to Comerica Park, a residential, retail and office development on Park Street, and office, retail and residential development along Columbia Street. Ross and Ilitch are collaborating on the University of Michigan’s planned Detroit Center for Innovation.  They expect to break ground on the project in 2023.

 

 

 

David Whitney Building Hotel Builds On And Rebrands

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The David Whitney Building will soon be renovated and rebranded. It will become an Autograph Collection hotel and expand to 160 rooms. According The Roxbury Group, the building will lose 24 of the apartments but leave 80 residences on the top seven floors. The hotel rooms will be renovated, along with the lobby bar, atrium lounge and outdoor seating. The building’s event space will become restaurant space. Renovations will being this summer. The project’s budget is undisclosed.

 

 

Home Costs Rise As New Building Permits Dip

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As interest rates and materials costs rose, the number of single-family home permits in metro Detroit fell in April.  The number of permits across Detroit Metro counties dropped to 303 in April from 414 in March. That’s a 27% drop. When compared to April 2021, they number of permits dropped 31%.  Builders whose business was split between commercial and residential projects have seen it flip to entirely commercial. They cite rising costs, interest rates and supply chain issues. Buyers don’t have the money to cover the rising costs during actual construction. In addition, there aren’t enough workers to keep up with labor demands.

 

 

Northville Downs Developer Pitches Reduced-Housing Plan

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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

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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

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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.