The Great Recession really did a number on the housing market.Ā Between 2005 and 2013, few were buyingĀ homes due to the economic uncertainty.Ā ManyĀ residential projects throughout the region stalled and were left incomplete.Ā Unfortunately, thatās what happened with the Auburn Grove Condominiums project, which is located north of ShimmonsĀ Road, west ofĀ Squirrel Road.Ā Due to lack of sales, the original developer had to forfeit the property back to the bank in 2010 with only 67 of the planned 124 unitsĀ being built.Ā Things didnāt look good.
Corlina in the Park, later renamed Auburn Grove, was approved for construction by the City Council in 2003
As discussed in our February 16, 2012 blog entry,Ā Hope in the Housing Bubble, the City of Auburn Hills played a proactive role in facilitatingĀ the sale of theĀ undeveloped land within theĀ project (57 units) to a new builder in late 2011.Ā Now, three years later, all involved are seeing the fruits ofĀ their labor.
Twelve unitsĀ have been built and sold, eleven units are under construction and near completion, and the builder has pulled permits to start construction onĀ sevenĀ additional unitsĀ this Spring.Ā If the current pace continues, the projectĀ should be completeĀ byĀ the end ofĀ 2017.
This development is a great option for folksĀ desiringĀ ranch-style living in a maintenance-free condominium community.Ā Itās surrounded by woods, but close to everything.Ā If youāre looking for a new place to call home, check out their website by clicking here.Ā Better hurry, it will soon be sold out.