Southfield-based Etkin Acquisitions LLC will develop a four-story office building in downtown Royal Oak in a current city parking lot near the U.S. Post Office. Additionally, Huntington Real Estate Group is developing a building in Royal Oak, a mixed-use structure at Third and Williams streets.
“We are excited to begin this new development in Royal Oak, where there is a definite need for more office space,” says Douglas Etkin, principal of Etkin. “Companies are continually looking to move there and Etkin is right on target to meet market demand.”
Etkin says the proposed 74,000-square-foot building will be located on the west side of Main Street between Second Street and 11 Mile Road. He says the building will feature 25,000-square-foot spaces, generous build-out packages, and secure, on-site covered parking.
Etkin has also developed office buildings in Livonia, Southfield, and Texas. The company has also developed the mixed-use development College Park in Livonia, the Northfield Point Marketplace in Troy, the Hilton Gardens hotel in Novi, and the $29 million senior living center All-Seasons Birmingham.
In turn, Huntington Real Estate Group is working to build a mixed-use structure at Third and Williams streets in downtown Royal Oak. Currently a surface parking lot owned by the city, the project would be six to eight stories high, and offer ground-floor retail along Williams, two levels of parking, topped by offices. Two stories of residential apartments may be added above the offices.
“We are a firm believer in adding more offices in downtown Royal Oak,” says Don Nahat, president of Huntington Real Estate Group in Royal Oak, which owns a mixed-use building across from Williams parking lot (first floor tenant is Lockhart’s BBQ), along with the Tribune Building, PNC Bank Building (Sullivan Building), and Center Street Building.
“Downtown Royal Oak has a very strong nightlife, and to complement that activity and add more opportunities for restaurants and storefronts in the downtown district, adding more office users makes perfect sense. We are in the early planning stages, and will be meeting with the city shortly on the latest opportunities.”