Sunday, September 25, 2005

Detroit News Feature Article on Northern Michigan Real Estate

In case you missed it, the Detroit News ran an interesting feature article on the Northern Michigan real estate market. Basically, the article points out that there is a lot more real estate inventory available at this time than in past years. Increased supply coupled with weak demand has led to some softness in the Northern Michigan real estate market, especially in outlying areas not near tourism hot beds such as Traverse City, Petoskey, Charlevoix, Harbor Springs and Boyne City.

Saturday, September 24, 2005

2005 Tour de St. Francis

Hundreds of participants enjoyed a beautiful sunny fall day on the bike path between Charlevoix and Petoskey for the 2005 Tour de St. Francis, an annual fundraiser for St. Francis Xavier Elementary School's athletic programs. Buyer's Broker of Northern Michigan, LLC was a proud sponsor of the 2005 event. The entire Scholl family participated, including Kim, Max (first grade) and Mamie (preschool).

Friday, September 23, 2005

Luxury Townhouses Planned at Site of Former Tallberg Car Dealership

A Bloomfield Hills Developer is planning to build 26 three story luxury townhouse condominiums on the former Tallberg Chevy Oldsmobile Site at 1000 Bay View Road in the City of Petoskey. The proposed 3000 square foot units, with "sensational" views of Little Traverse Bay, will sell for anywhere from $900,000 to $1.3 million per unit, which is approximately the going price for our "million dollar sunsets".

Friday, September 09, 2005

Welcome to the Wireless Age

Petoskey’s historic downtown shopping district, which includes Victorian architecture and gaslights, has recently seen the addition of a cutting edge wireless “hot zone.” One can now surf the internet with a wireless laptop or PDA while lounging in the comfort of Pennsylvania Park. The hot zone, which spans the park, went live in August with a transmitter positioned inside the Petoskey Regional Chamber of Commerce. The wireless hotspot was made possible by Norlight Telecommunications, which donated the initial equipment, United Telecom, which has donated and installed a dedicated DSL line, and i3 Business Solutions, which donated time and additional equipment to complete the installation. Other public hot spots in town include the Petoskey Public Library and the Petoskey Marina. Welcome to the wireless age, Petoskey visitors!

Saturday, September 03, 2005

Restrictive Covenants Useful Tools for Real Estate Development

The history and current usage of restrictive covenants are outlined in this article by Fred Gray of the Petoskey News Review. Restrictive covenants have historically taken the form of deed restrictions. More commonly now, at least in Northern Michigan, restrictive covenants can be found in condominium documents establishing and regulating site condominium developments. This is truly an outstanding piece of journalism, and I'm not saying that just because Fred quoted me. ;-)