 What We Look For
Property is our pipeline for growth. The property entitlement and development process
is very complex and highly regulated. Many approvals are necessary at various levels
of government. We evaluate properties based on potential profitability. We strive to obtain control of parcels that
offer higher density, which yields reduced development costs. Many of these parcels
may be in older urban / inner-ring suburban areas where there is the ability to
redevelop a property into a residential community. Others may be in the "greenfields"
of the outer-ring suburbs that offer an opportunity for planned developments.
We generally will look at properties based upon the number of housing units we can
achieve and the given density allowable by the community. We then back into a price
per unit that we can afford to pay based upon our return requirements. We have many
builder clients and partners that we are associated with to move the project forward.
Our ability to gain approvals and creatively plan and develop complex parcels is brilliantly shown in our conversion of a former mining
operation into the prestigious community of Stonewater, located in Northville Township.
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