Northville Five Buys Former Site of Scott Correctional Facility
- Jan 19, 2017
Northville, Mich.—Northville Five LLC bought 53 acres of land at the northwest intersection of Five Mile and Beck Roads from the Charter Township of Northville, Mich. for $8.5 million. The former site of the Scott Correctional Facility will be redeveloped into a mixed-use project to include single-family homes, loft-style residential units, retail and dining.
The complex, titled Village at Northville, will target high-end retailers. The community-oriented project is centered on a central park and public gathering area surrounded by what will be a walkable streetscape. Restaurants and shops will also abut the residential areas and the Township Community Park. “The developer worked diligently to develop a concept plan in response to Township and resident concerns. The developer has an excellent reputation as a top-of-class, community-based developer and we look forward to a continuing collaboration to realize the common goal of creating a safe, attractive and high-quality development reflecting the Northville Township image,” Robert Nix, Northville township supervisor, said in a prepared statement.
Village at Northville will break ground this year and construction should be complete in approximately four years. The development is expected to generate at least $2 million annually in property taxes.
The sales proceeds will be divided on a 60/40 basis with the state of Michigan. The Township will use its share of nearly $5 million for the demolition and remediation of the state’s former psychiatric facility located in Northville on Seven Mile Road, west of Haggerty Road.
Image via Northville Township