Micro-Units Approved for Development Outside Detroit
- Jul 01, 2015
An underdeveloped site on the northeast corner of E. 11 Mile Rd. and Rembrandt Ave. in Royal Oak could turn into one of the hippest places to live outside Detroit.
Earlier this month, the Royal Oak Planning Commission approved Amber Properties’ plans to redevelop the vacant, 13,545-square-foot site (pictured) located at 1207 E. 11 Mile Rd. into a multifamily community. The residential project will consist of 36 luxury micro apartments within a single building on the property. Stantec Architecture designed the project.
Public documents show that the efficiency apartments will come in three different types of units, with sizes of 275 square feet—slightly above the minimum floor area of 250 square feet required for an efficiency or studio dwelling unit—, 314 square feet, and 356 square feet. Additionally, the project will include 40 parking spaces.
Amber Properties’ new development project in Royal Oak will target Millennials and young professionals who prefer renting a smaller place with full amenities—since they travel a lot or want to live alone—instead of owning an apartment, C & G News reported.
According to NeighborhoodScout, the average rental price in the E. 11 Mile Rd. is $773 per month. Rents are currently lower in this area of Royal Oak than 1.8 percent of Michigan neighborhoods. The area consists mainly of small to medium sized single-family homes and apartment communities and high-rise apartment buildings—mostly built between 1940 and 1969 and occupied by a combination of owners and renters. Additionally, the neighborhood has a vacancy rate of 1.4 percent, which indicates that the available is very tight compared to the demand for housing units supply in this area.
Image via Google Street View