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About / News / multi-family

Demand for new student housing helps Oxford Companies close one of the richest land deals in Ann Arbor’s history

Posted By: REJournals on June 28, 2024.  For more information, please click here to read the source article. When it brokered the sale of the Galleria Mall retail center in June of this year, Oxford Companies hit an impressive milestone: The deal’s sales price stood at $18.35 million. At $33.4 million an acre, this sale represents one of the richest […]

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2024 set to be a significant year for economic development in Toledo

Posted By: WTOL11 on January 3, 2024.  For more information, please click here to read the source article. WTOL 11 has learned that 2024 could be a significant year for development in Toledo. City leaders said there is currently more than $1 billion of investment property primed for projects this year. Wanting to highlight these various projects, WTOL […]

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$8M apartment complex breaks ground in heart of Whitehall

Posted By: mlive on January 7, 2024.  For more information, please click here to read the source article. Construction has begun on an apartment building in the heart of Whitehall designed for those who work in Whitehall but can’t find housing there. The 32-unit Harwood Flats is being constructed on Lake Street at the end of Colby Street. […]

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Apartment developers push ahead despite high interest rates, costs in Metro Detroit

Posted By: The Detroit News on October 10, 2023.  For more information, please click here to read the source article.   As housing costs and demand continue to rise, developers are undertaking apartment projects in Metro Detroit, even in the face of high interest rates and growing construction costs. Among them are Marquette Companies, which recently renovated and […]

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Detroit developer plans $14 million mixed-use building in Midtown

Posted By: The Detroit News on September 12, 2023.  For more information, please click here to read the source article. Detroit-based Greatwater Opportunity Capital shared its plans Tuesday for a new mixed-use development in the city’s Midtown neighborhood. The $14 million project at 3740 Second Ave. is the first new construction project for the firm, which has redeveloped […]

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Construction to begin soon on $16.4M Grand Rapids apartment, commercial building

Posted By: mlive on August 23, 2023.  For more information, please click here to read the source article. Construction is expected to start within 30 days on a two-building apartment development at the corner of Wealthy Street SE and Sheldon Avenue SE containing 58 market-rate units and ground-floor commercial space.  The development, being led by W&S Development Partners and […]

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$500M Mega Projects Developed by Silverman Cos. Coming to North Oakland County

Posted By: DBUSINESS on May 22, 2023.  For more information, please click here to read the source article. Silverman Cos., a multi-faceted real estate development company in Bloomfield Hills, has gained final approvals to bring forward, with multiple partners, Waldon Village in Independence Township and Baldwin Village in Orion Township. Together, both mixed-use projects, which are set, respectively, […]

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Developer releases details of apartment complex on old Joe Louis Arena site

Posted By: The Detroit News on April 26, 2023.  For more information, please click here to read the source article. Sterling Group, developer of the high-rise apartment complex that’s taking shape on the site of the former Joe Louis Arena, released new details about the project Wednesday as it prepares to begin pre-leasing this summer. The Residences at […]

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Farmington Hills moves forward with four-story luxury apartment complex proposal

Posted By: Hometown Life on April 13, 2023.  For more information, please click here to read the source article. City officials recently took another step toward approving a proposed $30 million luxury apartment complex along Northwestern Highway. City council voted 5-1 Monday to approve a planned unit development for a four-story apartment community at 32680 Northwestern Highway, near […]

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Developers team up in Westgate to bring apartments to Sears, Elder-Beerman sites

Posted By: The Toledo Blade on February 28, 2023.  For more information, please click here to read the source article.   The two out-of-state developers that separately own the old Sears and Elder-Beerman sites in Westgate are joining forces to build apartments and retail on the side-by-side parcels. Plans are still in the design phase, said Liz Holland, […]

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Michigan developer plans to build 192 apartments near Toledo’s Inverness Club

Posted By: The Toledo Blade on February 28, 2023.  For more information, please click here to read the source article.   A Michigan developer plans to break ground in the coming weeks on a 192-unit apartment complex off Dorr Street near the Inverness Club in Toledo. The approximately $15 million Brailey Apartments project will include six three-story buildings […]

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Asian-themed Project Sakura Novi Adding Korean Steakhouse, 117 Apartments

Posted By: DBUSINESS on January 30, 2023.  For more information, please click here to read the source article. Sakura Novi, Michigan’s first Asian-themed, mixed-use real estate development, today announced a lease has been executed for The Dancing Pine Korean Steakhouse, while a joint venture agreement has been executed with Robertson Brothers Homes to build 117 townhouse apartments. The […]

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No work done to turn half-built hotels, vacant for 4 years, into apartments near Muskegon

Posted By: mlive on February 12, 2023.  For more information, please click here to read the source article. Nearly a year after getting approval to turn half-built hotels in Fruitport Township into apartments, the developer has done nothing to move the project forward. Stellar Hospitality started construction on what was to be hotels near the Lakes Mall in […]

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Proposed Southland apartments wait for funding

Posted By: The Toledo Blade on February 13, 2023.  For more information, please click here to read the source article. A South Toledo apartment project that drew scrutiny last year from neighbors and prompted public debate over the definition of affordable housing is still moving forward, officials behind the proposal said Monday. Developers are working to secure funding […]

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Retail, apartments in plan for revival of Burt’s Theatre site

Posted By: Toledo Blade on December 28, 2022.  For more information, please click here to read the source article. Burt’s Theatre, better known by its most recent incarnation as Caesar’s Showbar, has been awarded a $908,360 state tax credit toward its renovation into retail and housing space, the Ohio governor’s office announced. The $8.3 million renovation of the […]

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Work starts on luxury apartment, retail complex near Toledo Hospital

Posted By: The Toledo Blade on November 27, 2022.  For more information, please click here to read the source article.   A project to build a luxury apartment and retail complex in Toledo’s former Colony area, near ProMedica Toledo Hospital, is finally moving forward. Work on the $45 million project, on a nearly 11-acre lot off Central and […]

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As Interest Rates Climb, Multi-family Construction in Metro Detroit Surges

Posted By: dbusiness on July 26, 2022.  For more information, please click here to read the source article.   Based on new residential permit data compiled by the Home Builders Association of Southeastern Michigan (HBA) in Bingham Farms and reported in the HBA and Carter Lumber Southeastern Michigan Residential Building Activity Report, single-family home permits continued to drop, […]

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‘A giant tombstone:’ Rosemary Apartments to be demolished

Posted By: The Toledo Blade on July 26, 2022.  For more information, please click here to read the source article.   The abandoned Rosemary Apartments, the site of a tragic teen death in 2016, will be demolished, the Lucas County Land Bank announced Tuesday. The announcement was made on what would have been the 23rd birthday of Joshua […]

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Half-built hotels near Muskegon mall to become apartments after sitting vacant for years

Half-built hotels that have sat vacant for 3 ½ years will be turned into apartments following approval of the plans by Fruitport Township. A no-compete clause halted construction of the two buildings on East Sternberg Road near the Lakes Mall in Muskegon County. They remained vacant until the township enacted a blight ordinance about a […]

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Waterfront hotel, cruise ship dock proposed near downtown Holland

A hotel, restaurants and apartment buildings along the waterfront, a cruise ship dock and more are part of a proposed plan to redevelop the Lake Macatawa shoreline near downtown Holland. The proposed plan calls for a mixed-use redevelopment along Lake Macatawa off of W 8th Street and Washington Boulevard that would include a 50-room hotel, […]

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Toledo real estate: Apartments and industrial buildings are hot, but offices are struggling

Toledo’s apartment and industrial real estate markets were red hot last year but not its retail and office space sectors, which recorded higher vacancy rates and fewer transactions. That’s according to new annual reports from the Reichle Klein Group, a Toledo real estate company that frequently analyzes the area market. In general, the reports suggest the Toledo […]

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New vision for Kmart’s old headquarters in Troy: But could it work?

As Kmart ends its story in Michigan and closes its last store here in Marshall, the former Kmart Corp. headquarters in Troy still sits awaiting its next chapter. The property at 3100 W. Big Beaver Road, likened in the past to an assortment of brown shoeboxes sticking out of the ground, has been empty for 15 years. Its future […]

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Developer envisions massive tower for former Joe Louis Arena site

A developer has put forth a conceptual design for a massive tower with 500 apartments to be built on the site of the demolished Joe Louis Arena. Detroit-based Sterling Group, which owns the former arena site, submitted a conceptual site plan to the city in July showing a 25-story, 290-foot-tall residential tower called The Louis where the old Red Wings arena […]

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SIGNATURE SELLS 4.47 ACRES OF LAND IN AUBURN HILLS, MICHIGAN

SOUTHFIELD, MICHIGAN—January 31, 2019— Signature Associates has negotiated the sale of 4.47 acres of land located at 2644 N. Squirrel Road, Auburn Hills, Michigan.   Joe Banyai and John Boyd of Signature Associates represented both the seller, Wilson L. Garner, and the purchaser, North Squirrel Apartments.   About Signature Associates Signature Associates (signatureassociates.com), with offices […]

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