Luxury Townhouse Development The Oaks Residences Breaks Ground in Royal Oak

The Oaks Residences rendering
The Oaks Residences will have 10 townhouses of 2,000 square feet each. Rendering courtesy of Alexander Real Estate

Construction has begun on 10 luxury townhouse condominiums called The Oaks Residences at 700 E. Parent St. in Royal Oak. The $5 million development, located southeast of downtown near Lawson Park, is slated for completion in summer 2020.

The development will feature private rooftop patios, green space, two-car garages, and 2,000-square-foot living spaces. Each will include an open floor plan, three bedrooms, 2 ½ baths, and be programmed for smart-home technology. Units also will have libraries or office spaces, balconies, lofted 10-foot ceilings, quartz counters, and NEST thermostats.

“We’re really excited to bring modern townhome-style properties to market,” says Eric Walstrom, managing partner with Royal Oak’s Alexander Real Estate. “We see this styling and design appealing to a wide variety of buyers looking to be near Royal Oak and maintain all the amenities of a new single-family home.”

The project is being led by The Wirt-Rivette Group in Saginaw, developers with residential projects in Grand Rapids, and Alexander Real Estate. Formerly, the project site had an abandoned home and a closed landscaping business.

Unit sales are under way, with prices starting at $550,000.

Written by Grace Turner for DBusiness magazine.