Member Patric A. Parker and Associate Chris Stritmatter successfully represented a long time firm client on the sale of a significant real estate development property in Oakland County.
The property had historically been developed as a subdivision, with multiple rental houses still occupied. The proposed purchaser intended to redevelop the property as an industrial facility. This required the seller to vacate the subdivision plat, including the public road and utilities contained in the plat.
Existing plats and public roads are challenging to eliminate, and the plat vacation requires filing a detailed lawsuit. Chris successfully brought a statutory action in Oakland County Circuit Court to vacate the subdivision plat, naming more than ten necessary defendants, including neighbors, multiple public utilities, and State defendants including the Department of Natural Resources, the Michigan Department of Transportation and the Department of Licensing and Regulation.
Chris brought a separate proceeding in front of the Oakland County Road Commission to abandon the public road. Additional permission had to be obtained from the relevant Township Board of Trustees.
All proceedings were accomplished in time to close the sale, allowing the buyer to commence development and construction in the fall of 2018. And allowing our client, the seller, to timely receive the sale proceeds.
Many commercial real property purchases and sales have unusual details and requirements that need special expertise and attention. The real estate attorneys at Simen, Figura and Parker are uniquely situated to help you navigate these details, whether you are a buyer or seller.