City of Bloomfield Hills Unique Character History and
City of Bloomfield Hills
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 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
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