The Moceri Companies to invest $46 million in the city of Auburn Hills
City Council approves plan to develop 21.51 acres of land for multi-generational housing
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Auburn Hills, Mich.—Sept. 10, 2013—At its Sept. 9 meeting, the Auburn Hills City Council approved a plan for The Moceri Companies to develop 21.51 acres of land west of Adams Road, north of the Clinton River Trail. The entire development is projected by The Moceri Companies to have a market value of $75 million.
The Planned Unit Development (PUD) project called The Parkways will consist of 76 townhouse units, 72 stacked flat units and a three-story 160 unit congregate senior care complex situated along a new public boulevard. In addition to the residential living, more than two acres of open park space will also be created.
“We are pleased that The Moceri Companies will be making such a large investment in Auburn Hills,” said Pete Auger, City Manager of Auburn Hills. “This public-private partnership will be a crucial building block in the resurgence and expansion of Downtown Auburn Hills.”