City of Bloomfield Hills: Unique Character and Development Opportunities
Located in a 5-square-mile area, the City of Bloomfield Hills with a population of 4000 offers a mix of residential and commercial properties. In 2017, both residential and commercial developments have seen growth, with an increase in property values. The city boasts a low crime rate and exceptional educational institutions. Ongoing infrastructure improvements and a focus on retaining its character make Bloomfield Hills an attractive place for residents and businesses alike.
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Presentation Transcript
Unique Character History and Character Area: 5 square miles Population: 4000 A bedroom community with 97% of our parcels residential lots 1777 residential lots and 56 commercial properties
Residential Development 2017 Residential values increased by 4.36% Primarily due to new home construction and remodeling Homes continue to be demolished and replaced Home builders and contractors are very busy
Commercial Development 2017 Commercial Property Values up 1.76% Still there has been strong business development Woodward and Long Lake development Cedarbrook Senior Living Center New 80,000 sq.ft. office building in the business district Complete remodeling of the Kingsley Hotel / Joe Muers Multiple large office building remodeling projects
Business Opportunities Business opportunities are primarily commercial and office development Our Master Plan calls for the City Center to retain its current character Primarily office space Limited supporting commercial to meet convenience needs of business and residents. There are a number of office properties either being built or remodeled to accept new tenants.
Why Bloomfield Hills City has worked hard to retain its character and beauty Public Safety Extremely low crime rate Quick response with exceptional service Highly desirable location Exceptional Educational Institutions Cranbrook Educational Community / Roeper School / St Hugo of the Hills Low taxable rates Financially stability / AAA bond rating Continuous attention to infrastructure improvements
