A $50 million mixed-use development with commercial and restaurant space, along with 600 apartment units, is planned for two parcels totaling about 105 acres? on the east side of Ford Lake in Ypsilanti Township, Mich. Plans include senior housing on two parcels and a marina.
John Packer, general partner of Newport Beach, Calif.-based Delaware Lake Shore LP, owners of Lake Shore Apartments, said he expects construction to begin on the first phase of the new development by the end of 2014.