Metro Detroit

TROY UPDATE

May 27, 2017

Let’s be honest – we should really just call our Troy Update the Mondrian Properties Update, because if you’re in the market for a new home in Troy and you’re not in the mood for the on-your-lot thing, these guys kind of have the market cornered.  So, here’s what’s on tap for Mondrian, er, Troy, in the foreseeable future:

The Troy School District has agreed to sell several parcels to Mondrian in the area of Big Beaver & John R, adjacent to Raintree Park. The proposed 18-acre Paradise Park At Raintree Village development would feature 59 “high-end” single-family homes ranging in size from 1,800 sqft to 2,600 sqft, with prices starting in the $390s (site plan above).  The development has been approved by the Planning Commission, and must now go to the City Council for consideration.

Meanwhile, across town at the southwest corner of Long Lake Road & Beach Road (you know, the fancy section bordering Bloomfield Hills), Parkview on Beach is set to open this fall (site plan above).  Featuring 20 single family homes on a 9(ish)-acre site, the homes will feature a 1,900 sqft ranch, a 3,000 sqft cape, and a 3,500 sqft colonial.  As for pricing, nothing has been released yet but our guess would be somewhere in the $400s.

Unfortunately, if you’re looking for a condo in Troy, there isn’t much on the horizon; Mondrian or otherwise.  Despite rumors about several potential multi-family projects, most are projected to be rentals; Troy Crossing, the one development we thought might feature for-sale condos, now seems to be reverting to apartments as well.  So… you might want to check out Bradley Square by Robertson Brothers (pictured above), before they’re gone.

If you’re working with a Realtor, have them reach out to Mondrian Properties or Robertson Brothers for details.  If you aren’t working with a Realtor, you should be – let’s chat!

Owners Lou Bitove & Jeff Bortnick have more than 30 years combined experience in real estate, much of that with builders like Pulte & Toll Brothers.  They also provide market research for area builders, developers and national firms.  If you’re considering a new home, remember: the builders rep represents the builder, not you.  Work with the only local agents to specialize in new homes and save money in the process – ask us how!