Business & Tech
$80 Million Magnolia Lakes Senior Village Breaks Ground in Keego Harbor
The $48 million project is expected to be under construction next week on Cass Lake Road.
According to Keego Harbor mayor Sidney Rubin, Farideh Bagne had Friday's groundbreaking set for Magnolia by the Lakes senior village on Cass Lake Road the day she brought the project in for review.
"She walked into city hall, said 'Here are my plans. Look it over, the groundbreaking ceremony is scheduled for September 27 this year.'," Rubin said during the event.
Rubin said the project sailed through the approvals process, including a public hearing, in just 48 days. He said everyone involved performed their duties "in record time" and address everyone's concerns.
Bagne, who is president and CEO of the project, shared a vision of the completed $48 million project, which consists of three buildings:
- An elder care and assisting living facility
- The Mercury building, renovated to include medical offices, a beauty salon and spa, barber shop, a bistro, French patisserie and more shops, with the feel of a European village.
- 155 resort-style villas with views of Cass Lake and Sylvan Lake
Keynote speaker L. Brooks Patterson, Oakland County executive, said Bagne is "just really a wonder woman".
"This $48 million investment in Oakland County will enhance the quality of life in this region and give a significant boost to Keego Harbor," he said.
Construction on Magnolia by the Lakes is expected to begin next week; the facility will open in 2014.
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