Published November 12, 2013
Luxury development breaks ground
By Linda Shepard firstname.lastname@example.org
OAKLAND TOWNSHIP — Luxury homes with price tags between $1.8 million and $4 million each will soon call the township home in a neighborhood that developers call The Pinnacle.
The first Homearama home tour in more than 10 years is planned at The Pinnacle next summer, featuring exclusive homes up to 9,000 square feet in size in a lavish setting north of Silverbell Road, east of Adams Road.
“The industry has broken out of its slumber,” Pinnacle developer Dominic Moceri said. Moceri broke ground for six of the million dollar-plus houses Nov. 6 in a celebration attended by township and county officials.
“A lot of people struggled in what they are now calling the Great Recession,” Oakland County Executive L. Brooks Patterson said. “One of the industries hardest hit was residential home building. We lived through it and came out on the other end.”
According to the Home Builders Association of Southeastern Michigan, which sponsors Homearama, 385 single family home permits were issued in Macomb, Oakland, St. Clair and Wayne counties in September 2013 — a 39 percent increase over home permits issued in September 2012.
“This will generate a lot of jobs in the township,” Oakland Township Supervisor Terry Gonser said. “It will add $137.5 million (in new construction) to the county and Southeast Michigan. The Pinnacle will be absolutely the best in Oakland Township. We have the hills and rural areas that everyone wants. Oakland Township is the best community in Oakland County.”
Moceri said the Pinnacle project will support more than 1,700 jobs in the area.
Pinnacle homes are designed to be on par with comparative communities in Palm Beach, Fla., and Greenwich, Conn., Moceri said. His company studied the homes and public spaces of Detroit’s historic neighborhoods of Palmer Park, the Boston Edison District and the Grosse Pointes for details to incorporate into Pinnacle houses.
The Pinnacle will be the most luxurious development in Moceri’s collection of neighborhoods called The Oaklands, which line Adams Road from Dutton to Silverbell roads in Oakland Township.
The 2014 Homearama home tour will be the largest Homearama ever, Moceri said, appealing to the luxury homebuyer and those looking for ideas to incorporate into their existing houses. Up to eight Homearama homes will be fully decorated and landscaped — featuring the latest in amenities, advanced technology and energy-saving options.
“This is housing for the wants and the dreams,” Moceri said. “But it all starts with the needs of housing. Affordable housing is still the No. 1 priority of this industry. This is one segment. We must provide housing for all.”