ROYAL OAK, MI-A $30-million combined hotel and condominium project was approved recently by the Royal Oak Planning Commission. The 148,000 sf, 12 story building will feature a boutique hotel on the first five floors, and 30 condominiums on the upper floors, priced at $350,000 to $2 million apiece.

With the site approval, Chrysos Development and Management Co. of Royal Oak can now start marketing and taking reservations on half of the condos, says president Jack Hanna. “After we get 16 reservations, the design should be completed and we canstart construction,” Hanna says.

He notes that Royal Oak, with Southeast Michigan’s most dynamic suburban Downtown,is the best location for this project.”We’re centrally located between Birmingham, Grosse Pointe, Detroit, etc.,”Hanna said. “The hotel will also be a place for Automation Alleyclients to enjoy themselves while on a visiting business trip.”City officials say the developers still have to clear a few contingencieswith the approval, including obtaining encroachment easements for theunderground parking, and obtaining building permits.

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