Michigan town seeks developer for $350 million mixed-use project

Officials from the city of Troy, Michigan, made the rounds of the New York Deal Making show looking for a partner to help them erect a proposed $350 million town center.



They told The Oakland Press that they received positive feedback from developers at the show on their plans for a large public town square surrounded by residential space, retail, and restaurants. A hotel is part of the long range plan, which emerged after 18 months of fact-finding and surveys of Troy residents.



“This will fill a void in our local community and create a dynamic, walkable, live-work-play environment unavailable anywhere in Troy today,” said city manager Brian Kischnick.



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