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Northville Downs residential redevelopment to cost $200 million

The future redevelopment of the Northville Downs racetrack is anticipated to cost $200 million.

Randy Wertheimer, president and CEO of Farmington Hills-based residential developer Hunter Pasteur Homes, said construction on the 13-acre underdeveloped northern portion of the property should begin in the first quarter next year. Plans call for 300 apartments and 19,000 square feet of commercial space.

The $200 million cost hadn’t previously been disclosed.

The second phase of the project on the remaining roughly 35 southern acres, where the track is located, presents more difficulty because of existing zoning that requires a planned unit development approval from Northville officials, Wertheimer said. That development is expected to be 50 single-family homes and 175 townhouses.

 

Posted By: Crain’s Detroit Business on March 18, 2019.  For more information, please click here to read the source article.

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