LIVONIA, MI-Two six-story offices are going up along I-275, built by Burton-Katzman Development of Bingham Farms, MI. The project, in Victor Corporate Park in Livonia, is expected to cost about $88 million.

Site work is underway now and ground will be broken in the spring says Peter Burton, president of Burton-Katzman. The buildings will be built in two phases, with occupancy scheduled for early 2002.

His company bought the 14.4 acres of land for about $500,000 an acre. Burton says lease rates in the two new class A buildings, to be connected when they’re finished for a total of about 360,000-sf, will be in the mid-$20s per-sf.”With its proximity to Ann Arbor, the I-275 corridor has been very viable, especially in the technical and research fields,” Burton says.

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