Seven years after closing amid budget cuts, the 120-acre Waverly Golf Course is being considered for sale to Livonia's Schostak Bros. & Co. for potential retail and residential development. The Detroit-area development company and restaurant franchise owner said no firm plans are in place, but offered up $5.8 million for the site—or more than $3 million above the appraised value.
According to excerpts from the article:
"Schostak Bros. focuses primarily on commercial development in the Detroit suburbs, but the family-owned company has projects in 19 states. Its Team Schostak Family Restaurants arm operates several restaurant chains in the state, including Burger King, Olga’s Kitchen and Applebee’s Neighborhood Bar and Grill. Some of its Burger King and Applebee’s restaurants are in and near Lansing."
Read the full article
here.
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