Posted by – Steve Cohen, Director of Community Development
We’re pleased to report that Beztak Properties has submitted a development application to the City of Auburn Hills to construct a $25 million luxury apartment community called Five Points of Auburn Hills at 3300 Five Points Drive.
The new development will feature 178 residences in six, three-story buildings. It will include garages and carports, a clubhouse and fitness center, pool, and park areas. The project will improve the walkability of the area by adding a key pathway connection to nearby businesses and N. Squirrel Road. The residences will consist of one, two, and three bedroom units ranging from 800 sq. ft. to 1,300 sq. ft. Rental rates are anticipated to range between $1,100 and $1,700 per month depending on unit size and selected amenities.
This project will bring an ideal mixed use component and vitality to the master planned Five Points commercial district, which is located across from the City’s municipal campus and Oakland University. It will be one of the “last pieces of the puzzle” for the district that currently hosts the North Oakland YMCA, along with a hotel, veterinary clinic, office and financial buildings, child care facilities, retail centers, and restaurants.
Those interested in learning more about this proposal are encouraged to attend the public hearing at the Planning Commission meeting scheduled for Wednesday, June 8, 2016 at 7:00 p.m. in the Council Chamber at City Hall. A final decision on the project is anticipated to be made by the City Council on Monday, June 20, 2016.
If approved, construction is anticipated to begin this Fall.