X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LYON TOWNSHIP, MI-It looks like Lyon Township, a suburb northwest of Detroit, will receive even more development than it may be ready for.The quiet township is being hit hard with deals.

Western expansion away from Detroit is now impacting the township, which lies along the I-96 freeway between Lansing, Ann Arbor (home of University of Michigan) and Detroit. The Township Planning Commission is holding public hearings on a $97 million plan to build a residential/industrial project on Milford Road, north of 12 Mile Road.

Developers Schonscheck Inc. and Beck Development and Building Co., both of Wixom, are presenting the hearings to gauge public opinion and proceed with the site approval process for a 189-acre vacant site.

Richard Hartigan, vice president of development at Schonsheck, tells GlobeSt.com his company wants to build 30 lots of research and light industrial buildings, each averaging about four acres, on more than 105 acres on the site.

These planned build-to-suit or lease buildings will each be about 35,000-sf, Hartigan says. This portion would cost about $65 million. The hearings have been beneficial and the company has made changes asked for by the residents, Hartigan tells GlobeSt.com. He would not elaborate on what the changes are. Schonsheck is still going through the site plan approval stage, he said.

For the other 83 acres, Beck will build 83 single-family residential homes and condominiums, for about $32 million, Hartigan says. The units will be high-end, costing roughly $400,000 each, would be the right use for the land and could be ready by 2005, Hartigan tells GlobeSt.com.

“It creates a transition between the existing industrial properties to the north and the residential homes to the south,” he says. “Also, it takes a large, vacant parcel and puts it in harmonious use under the same owners.”

Lyon is no stranger to new projects. Residential subdivisions have invaded the township, bringing retail and industrial uses in their wake.The Kojaian Cos. of Bloomfield Hills is talking with the township to build two large retail developments at the Milford Road exit ramp of I-96. The company wants to build more than 700,000-sf of retail space on 125 acres, for more than $110 million.

Quadrants Inc., a developer of business and industrial parks, is moving forward on a site plan for a 200-acre property for high-tech, distribution and light manufacturing uses in the township on Grand River Avenue. The development is expected to cost between $70 million to $100 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.