Home More News Downtown Auburn Hills to Expand with $46 million investment

Downtown Auburn Hills to Expand with $46 million investment

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

Media contacts: Barbara Fornasiero, EAFocus Communications; 248.651.7536 cell: 586.817.8414; barbara@eafocus.com; Stephanie Carroll, City of Auburn Hills; 248.364.6802; scarroll@auburnhills.org  

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.location map

“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.”

“The Moceri Companies is headquartered in Auburn Hills and has always enjoyed an excellent working relationship with the city. When this land became available, we saw the potential to develop the area with multi-generational residential living options that add to the community’s appeal.  We believe strongly in Downtown Auburn Hills and the positive direction of the city.  We wish to continue investing in its future” said Dominic Moceri of The Moceri Companies.

The Parkways will be comprised of five phases, with the first slated to begin in spring 2014.  The Moceri Companies intends to complete the massive project by the end of 2017. When finished, the project will offer multiple benefits to the city and its residents. There will be increased housing opportunities for all ages, including much needed senior-oriented housing, a new public park more than two acres in size, and a city-owned public boulevard.  This new road will serve as the eastern gateway from Adams Road to Downtown Auburn Hills.

“This project was intentionally designed to meet Auburn Hills’ formal commitment to become an Age-Friendly Community with a variety of housing opportunities, parks, sidewalks and complete street considerations,” said Steven Cohen, director of community development for the city of Auburn Hills. “As a member of the AARP Network of Age-Friendly Communities program and a recipient of the Michigan Office of Services to the Aging (OSA) Community for a Lifetime designation, this private investment by The Moceri Companies to build a multi-generational development is a huge victory for the city.  It’s a game changer for Downtown Auburn Hills.”

A unique aspect of the project is that The Moceri Companies has pledged to make the development a plug-in electric vehicle ready.  It will be the first residential project of its size in the State of Michigan to commit to prep its units with conduits and wiring for charging stations, along with upgraded electric panels in each unit.  The project’s alignment with the city’s nationally-recognized comprehensive Electric Vehicle Infrastructure Ordinance will help enable market acceptance of this emerging technology.  As the home of Chrysler Group LLC and hundreds of automotive suppliers, Auburn Hills has been working diligently to support the next-generation technological innovations developed by its hometown companies.

“If considered when a project is first built, preparing for electric vehicles is very easy and inexpensive.  By prepping these garages with proper wiring, new residents within this development will only need to add a charging station on the wall if they buy or lease an electric vehicle.  It’s like adding a garage door opener and the costs are now very similar.  Having proper infrastructure in place will help this technology succeed. It just takes forward thinking,” said Cohen.

To learn more about community development in the city of Auburn Hills and to view site plans for The Parkways, visit the city’s website here. To learn about The Moceri Companies, visit http://moceri.com/home_corevalues.html.