Terrace Point Landing: Muskegon Lake $14 million residential development called ‘game changing’

June 2, 2014

By Dave Alexander | [email protected]
on February 14, 2013 at 8:24 PM

Muskegon planning commissioners gave the green light to what they think is a “game changing” residential development on Muskegon Lake.

Of the 70 lots, 28 of them are waterfront and 42 of them are interior to the site, which is adjacent to Terrace Point office building and the Grand Valley State University Michigan Alternative and Renwable Energy Center on Muskegon Lake.

The Muskegon Planning Commission Thursday voted unanimously to recommend that the city commission approve a “planned unit development” amendment to allow for a 70 lot single family home residential development called Terrace Point Landing. The plans of Parkland Development’s Jon Rooks show a “new urbanism” design of high density housing bringing together the 70 narrow building sites on 10.75 acres. Terrace Point Landing is a $14 million development that could be under construction later this year with the first residents occupying the new homes by the end of 2014, Rooks said.

“People should appreciate this development as a game changer that will help recreate our waterfront,” said Mayor Steve Gawron, who is also a planning commissioner. “You can’t underestimate the major effect this going to have. I have to give credit to a quality project from a quality individual.”

Terrace Point Landing is the most significant residential development in the city of Muskegon since the construction of the Harbour Towne condominium development in the 1990s. a 240 unit project on the old historic Pigeon Hill sand dune property between Lake Michigan and Muskegon Lake. Terrace Point Landing’s super narrow lots allow for 28 of them to be waterfront with the remaining 42 designed for the interior of the property, which will have a large 0.7 acre green space in the middle as a commons area for the development. Rooks told planning commissioners that he could sell some of the lots as a lot and a half or a double lot but he would not want more than 50 percent of the lots enlarged.

“We’d like to have as many people living on this property as possible to add to what is happening in downtown Muskegon,” said Rooks, who also owns the adjacent Shoreline Inn and Suites, Lake House restaurant and Terrace Point Marina. Rooks also is at mid-year moving his Parkland Properties headquarters into the city’s former fire station, which he now owns, and has plans to convert the old Comerica Bank tower building in downtown Muskegon into HighPoint Flats, a market-rate apartment building.

“I love that you see the value in property here in Muskegon where others have not,” said Vice Mayor Larry Spataro, who is also on the planning commission. “I hope you are very successful. If you are successful, the city and the community will be as well.” Several planning commissioners and city staff visited a new house on Spring Lake on a narrow lot as being planned for Terrace Point Landing. Planning Commissioner Blanche Smith said the 26-foot-wide home was impressive and had magnificent water views.

“I think there is a strong market for this product we will be offering,” Rooks told the planning commission. “We will be able to offer these homes at incredible prices and they will have spectacular views of Muskegon Lake.”

The lot prices will range from $125,000 for waterfront land to $50,000 for interior parcels. Home designs will have the final land and house pack ages in the $150,000 to $300,000. The lots will allow for houses from 1,500 square feet up to 4,000 square feet with up to four bedrooms, three and a half baths with full kitchens, dining rooms and living rooms, Rooks said. Rooks said the homes will feel “spacious, livable and luxurious.”

Parkland Properties has begun taking names of those interested in purchasing a lot, which will be sold as “site condominiums.” When formal condominium papers are filed in the coming months, Parkland will be able to take small, refundable deposits to secure a specific lot, Rooks said.

Besides the interior green space, the development also will have a beach on Muskegon Lake, a pool and lot purchasers will have the ability to purchase a boat slip in the nearby Terrace Point Marine, Rooks said. Waterfront property owners would have the ability to construct private docks on Muskegon Lake with federal and state permits, city officials said.

“I just want to say thank you,” Planning Commissioner Bill Larson told Rooks, adding that this is just one more development in Muskegon that seems to be building its “mojo” with a number of quality developments in the works.

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