"At this time, Toll is very pleased at having been awarded 'preferred builder' status by the Royal Oak Downtown Development Authority. Toll is excited about this project and looks forward to its commencement," the company says in a statement. Construction likely won't begin until 2005 on the project.
The land in question includes the vacant former Big Boy restaurant on Woodward. The three-acre parcel on which the development is being built is part of the I-696 Gateway Project, which comprises 18 total acres and includes Main Street Square.
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.