X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SHELBY TOWNSHIP, MI-Four Bears Water Park, a 74-acre Shelby Township amusement facility, is going condo. Louis Stramaglia, owner of Four Bears, has petitioned the township for permission to build 160condominiums on the site near Auburn and Ryan roads.

The concept received preliminary approval this week from the Shelby Township board of trustees. Richard Wright, whose company Urban Land Consultants represents the Four Bears owner, told townshipofficials the plan calls for construction of two different types of condominiums: brownstones on the eastern portion of the property and more traditional condominium construction on the balance of the land.

All of the homes will be located adjacent to or near the property’s most-defining feature, a 45-acre lake. The commercial portion of the property, where the Four Bears office is located, would remain zoned for commercial use. The balance of the property is zoned for single-family homes, but Four Bears is seeking approval of a planned unit development, a special type of rezoning that requires developers to build exactly what they say they are going to build. This week’s approval is the second of a four-step process.

“The plan becomes part of the approval,” Wright says. He adds the owner decided to abandon the operation of Four Bears as a water park for a simple reason: “It wasn’t making a lot of money.”

Wright says 2004 was the final year the water park would operate.

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

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.