Silverman Introduces Lake Village of Auburn Hills Apartment Homes

THE LARGEST RESIDENTIAL BUILDER IN MICHIGAN INTRODUCES LAKE VILLAGE OF AUBURN HILLS APARTMENT HOMES – THE STATE’S BIGGEST AND BEST LUXURY APARTMENT RESORT COMMUNITY – AT THE LOCATION OF A LIFETIME.

AUBURN HILLS, MI, November 11, 1998– The largest residential builder in Michigan, The Silverman Companies of Farmington Hills, introduces the state’s biggest and best luxury apartment resort community, Lake Village of Auburn Hills Apartment Homes, today from 5:00 PM to 8:00 PM at a VIP grand opening reception. The festive open house in the development’s landmark Lodge clubhouse marks completion of initial construction activity at the 100 acre development of 580 apartment homes. During the grand opening, The Silverman Companies’ Lake Village Properties division will make charitable contributions on behalf of the development to the director of the Boys & Girls Clubs of Auburn Hills and the president of Michigan Greenscape.

Lake Village of Auburn Hills is a development of Lake Village Properties, a division of The Silverman Companies of Farmington Hills… a family tradition since 1919. The Silverman Companies President and CEO Gilbert “Buzz” Silverman said, “Lake Village of Auburn Hills is the location of a lifetime. At the epicenter of Oakland County’s explosive and sustained economic growth, the I-75/Baldwin Road intersection boasts the highest concentration of construction work in the Midwest. Currently some 3,000,000 sq. ft. is under construction at an estimated value exceeding $1,000,000,000. Other comical development at the intersections includes new retail centers developed by three leading Michigan developers – the Gershenson, Kirco and Taubman organizations. Taubman will soon open its new 1,500,000-sq. ft. retail center, Great Lakes Crossing Mall directly across the road from the Lake Village apartment community.

Setting new standards in world-class ultra-luxury apartment resort living, Lake Village of Auburn Hills is prominently located in the heart of southeast Michigan’s Oakland County Technology Corridor. Oakland County is the third most affluent in the United States and the eight largest housing market in the country. The county is the focal point of many of southeast Michigan’s most important employment, educational, recreational, entertainment and cultural centers. Within minutes from Lake Village of Auburn Hills Apartment Homes are major facilities such as the DaimlerChrysler North American international auto headquarters, Oakland University and the Palace of Auburn Hills/Pine Knob complexes, among the highest ranked sports/entertainment venues in the nation.

Mr. Silverman said, “The Silverman Companies’ development work for the Lake Village of Auburn Hills project was more than three years in the planning. During the entire time, great care was taken to preserve and complement the spectacular natural beauty of this site. The whole Lake Village of Auburn Hills development process – from land planning and architectural design through site landscaping and interior design – was inspired by America’s majestic wilderness national parks. The result is an extraordinary wooded enclave which is close to nature and close to everything.”

“Lake Village of Auburn Hills boasts extremely low residential density on its site,” Mr. Silverman said. “In Phase I there are nearly 40 acres of open space dedicated to woodlands, wetlands, wildlife sanctuaries, nature trails, and even specifically created areas for community herb and vegetable gardens. Additionally, some 1,200 trees are being planted. Our approach leads to development costs twice as expensive as the regional average, but our belief that the site and the residents who live there deserve special treatment is being validated by very strong leasing response in the marketplace.”

Mr. Silverman also said, “Lake Village of Auburn Hills is a collaborative effort of Silverman Companies’ Lake Village Properties division and some of Michigan’s premiere design consultants. The Silverman Companies have developed strong relationships with these consultant over a lengthy period of time with regard to our organization’s many single-family and multi-family residential developments. These consultants include Seiber, Keast & Associates Engineers, Kenneth Weikal Land Planning and Landscape Architecture, Coponen Architects, Lloyd Waters & Associates Printing and Sara Olesker Design Interiors. The results of our collaborative work at Lake Village of Auburn Hills Apartment Homes will be submitted for judging in several 1998 national awards programs for real estate excellence.”

Jane Buckley, Director of Silverman Companies’ Lake Village Town Suites corporate furnished rentals division said, “Lake Village Properties conducted extensive pre-development focus group research which revealed strong pent-up market demand by young professionals and corporate executives for the next generation of apartment residences. Our studies show the Auburn Hills market highly values convenient location, retreat-like settings and luxury amenities designed for living in the 21st Century. Lake Village Properties is addressing this market demand on an expanded basis with pending construction starts on additional luxury apartment communities in southeast Michigan, including Lake Village of Rochester Hills in Oakland County and Lake Village of Dearborn in Wayne county. Within the next few months, Lake Village Properties will have under construction more than 1000 apartment units and related clubhouse complexes all being readied for new resident occupancy.”

The Silverman Companies’ Lake Village Properties is the number one developer of luxury apartment communities in Michigan and one of the leading national developers in the industry. Lake Village of Properties developed Lake Village of Auburn Hills Apartment Hills Apartment Homes in partnership with The Carpenters’ Pension Trust Fund-Detroit and Vicinity, Operating Engineers’ Local 324 Pension Fund and Acquest Realty Advisors, Inc., Bloomfield, Hills, MI.

Minutes from everything but worlds away, Lake Village of Auburn Hills Phase I occupies 70 rolling and wooded acres of extraordinary natural beauty. The extensively landscaped Lake Village signature entry boulevard leads to a private gated gazebo and fountain pond. The wooded enclave setting is enhanced by a 6,000 sq. ft. two-story Lodge and 400 Phase I apartment residences in clusters of stone and clapboard-sided buildings inspired in timeless architectural design by the majestic stone and wood lodges found in America’s national parks.

One-two-and-three-bedroom apartment and loft homes with unique floor plans and scenic natural views occupy wooded village settings along winding roads throughout the site. The apartments offer many luxuries, quality and craftsmanship found in today’s finest homes. Features include foyer, great room and dining areas, private master bedroom suite or roommate suites, gourmet kitchen with General Electric appliances including microwave, optional fireplace with tile hearth, vaulted ceilings, window seat, walk-in laundry room, full-size washer and dryer, abundant storage, built-in shelving, two exterior entrances, private terrace and private garage with automatic door opener.

At The Lodge, residents’ private country club amenities include pool, sun deck, waterfall, spa, tennis court, putting green, extended-hours cardio and weight training health center, men’s and women’s locker rooms and sauna. Private-access resident event and meeting facilities include two vaulted great rooms with stone fireplaces, party kitchen, media center, billiards room, walk-out verandahs, conference room, business center with computer, printer, fax and copier. Special interest areas are raised-bed gardens, recycling center, car wash and self-storage center. On site resident services at The Lodge include property management, leasing, concierge, professional fitness trainer, plus Lake Village Town Suites for fully-furnished luxury corporate rentals extending from one week to one year.

Lake Village of Auburn Hills provides residents with a woods and waters wilderness setting amidst the scenic hills of north Oakland County in the heart of Oakland Technology Corridor…minutes from everything but worlds away.

Rental rates begin from the $850’s. For further information, contact Lake Village of Auburn Hills Apartment Homes, 100 Lake Village Boulevard, Auburn Hills, MI 48326 (248) 333-1993.