9/10/14 - A study has revealed Hartland Townshipâs residential market potential. A national research firm recently completed a residential market potential study for the municipality. The study anticipates 500 new homes and rentals will be needed to meet demand in the next five to six years. Of those, the report recommends 30% be multi-family rentals such as lofts and apartments, followed by single family homes in the lower and mid-price range. The three remaining categories all fell in the 11% range for condominiums and townhouses, luxury homes and multi-family and co-op ownership. Officials say the study also found that Hartland Township can command significantly higher per-square-foot prices on new homes, rentals and condominiums than neighboring communities. Township Manager James Wickman says the study is important in that it provides the planning commission and board with a solid analysis to base its updated Future Land Use Plan, which will be up for adoption early next year. Secondly, Wickman says the report can be shared with residential developers that are interested in the community to help them better understand Hartland Townshipâs projected housing needs. The full report is available on the Hartland Township website. Itâs also expected to be discussed during Thursday nightâs Planning Commission meeting. (JM)
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