Moceri Cos. of Auburn Hills, MI is the developer. DominicMoceri, a partner in the firm, says the property will be a luxuryresidential condominium that will operate on a fractional-ownershipbasis.

The 14-unit property, about 38,000 sf, will be built on arestaurant site along Lake Michigan. Properties along the laketypically are in high demand and sell for millions.

The connected units will be worth about $2.5 million each,Moceri says. Eachresident can buy at least six weeks for the use ofthe unit.

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