Bloomfield Hills-based Real Estate Interests Group Inc. is planning the development on 100-acres along M-59 in the area of Hamlin and Adams roads. The site is now partially vacant with the remainder occupied by a softball complex, operated by Suburban Softball Inc. The softball area is on a former landfill that REI will clean up as part of the project. Jon Weaver, a partner at REI, said groundwork at the site would begin this summer. The project is to be built in several phases and should be completed by 2008.
The city has approved the preliminary plan for the project, but no site plans have yet been submitted for city review. The city has given REI permission to use up to 500,000 sf of the development for retail use. The land is zoned for office use. Rossetti Associates in Southfield will be architect for the project, according to REI.
Weaver said Madison Park would be marketed for corporate headquarters projects. The area near the development is slated to get a new interchange on M-59 this year. A new interchange at Adams and M-59, which will be just east of and replace the existing interchange, is expected to be completed by the end of the year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.