Auburn Hills' emerging downtown area will add a $10 million residential and commercial development to just over one acre at the southwest corner of Auburn and Squirrel roads.
Construction on Rivers Edge of Auburn Hills, a planned unit development, is to begin this summer and be completed by the summer of 2015.
Developer Burton-Katzman LLC won approval for the project from the city council in early February, adding to a list of developments mostly related to the growing population of college students that has changed Auburn Hills in the last year. The developments include DEN, Downtown Education Nook; the University Center; the Auburn Square apartments and its retailers; and a 233-space parking structure.
Rivers Edge is expected to be a four-story building with 9,300 square feet of commercial space on the ground floor and 31 one- and two-bedroom apartments and lofts on the top three floors. About 50 parking spaces will be for residents, and another 11 will serve the commercial tenants and other downtown Auburn Hills visitors.
"We are pleased that Burton-Katzman is bringing this type of popular mixed-use, urban loft project to downtown Auburn Hills,” says Steve Cohen, director of community development for Auburn Hills. “Continued investment in the city is sparking strong interest from developers, prospective tenants and retailers."
Source: Barbara Fornasiero, EA Focus, Inc.
Writer: Kim North Shine