“In Royal Oak, demand for office space had, for years, outstripped supply. Finally you’re seeing major market developers coming in two or three at a time looking to build mixed-use buildings there." Eric Banks, principal and partner at CORE Partners
Currently under construction, this $20 million, 74,000-square-foot office building is situated at the corner of 11 Mile and Center Street. Tenants will include research firm Gongos Inc.; the building's developer, Southfield-based Etkin LLC, which is moving its headquarters there; and Stout Risius Ross. Set for completion in Spring 2018, the project will bring more than 350 daytime employees to downtown Royal Oak.
The former Northwood Shopping Center at the southwest corner of Woodward Avenue and 13 Mile Road is being demolished to make way for the new development on the 15-acre property. A campus comprised of five main buildings will offer a grocery store, a 70,000-square-foot five-story hotel, restaurants and 110,000 square feet of retail space. The 183,000-square-foot complex will feature green space, landscape gardens and an assemblage area to host festivals and fairs.
A proposed $40 million residential development, comprised of a four-story apartment building and 10,000 sf of retail space, is in the process of finalizing a development agreement with the site's owner, the Downtown Development Authority.
In 2015, Royal Oak successfully completed its crowdfunding initiative to transform the worn-out Center Street pedestrian plaza into a state-of-the-art ‘smart park’ that will incorporate many elements, including Wi-Fi, charging stations, solar panels, touch-screen kiosks, and sustainable landscaping. The project, which utilized the Michigan Economic Development Corporation's Public Spaces Community Places program, is now open.