LUEntY UNDER
Brand New 1997
DeVille
Loaded: Leather, Chrome Wheels,
Full Power
'•••••., •
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SILVERMAN page 67
president of Holtzman and Sil-
verman Construction and Real-
ty, Ltd., in Southfield. Although
Toby Holtzman is still his part-
ner, the elder Mr. Silverman said
Mr. Holtzman has been largely
inactive for the last five years,
with Jonathan Holtzman as-
suming more of a key role. Mr.
Silverman senior is also chair-
man of Village Green Manage-
ment Co.
At any given time, said Buzz
Silverman, "we have six to sev-
en open single-family communi-
ties, two to three multifamily
communities under construction,
and five to 10 communities at
various phases in the approval
process.
"This year, we'll start about
300 single-family homes, and 500
to 600 multifamily units."
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7100 Orchard Lake Rd. • WEST BLOOMFIELD
851-7200
—
3.9% APR is on Catera purchases through GMAC. Rate may vary with approved credit. *Customer must qualify for GM Program #97-
37. All rebates assigned to dealer. Customer responsible for tax, lux tax, plates. Sale ends March 31, 1997. All prior sales and agreements
d_QnQi qualify .
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ROCHESTER • (810) 656-5760
SOUTHFIELD • (810) 948-8799
08
The Silverman companies
have 5,000 existing apartment
units in their portfolio, and the
senior Mr. Silverman has an
equal number in his businesses.
Clarkston is considered to be
an Oakland County hot spot, and
the Silverman Companies are
key players in that building
boom. "We have either developed
or are developing over 250 acres
in Clarkston. That includes Lake
Waldon Village in Independence
Township, a 161-home develop-
ment set on the 150-acre former
Camp Owecki of the Campfire
Girls of America; and Waldon
Preserve, across from the Pine
Knob Golf Course, which is open-
ing this spring with 80 homes on
100 acres." The Waldon Preserve
homes are priced in the $190,000
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W BLOOMFIELD • (810) 855-6644
. "We create solutions."®
Iwkci
Gilbert B. Silverman Sr.
knows who gave Gilbert B.
Silverman Jr. his nickname.
"When she was young, his
sister Wendy couldn't pro-
nounce the word 'brother? So
she called him her little baby
blizzer.' Eventually, that was
shortened to Buzz, and it
stuck.
The dumbest thing I ever
did was naming him [a] junior.
I think he even officially signs
papers as Buzz now." 0
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BERKLEY • (810) 546-2590
BIRMINGHAM • (810) 646-8787
CLAWSON • (810) 435-2840
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A Nickname,
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range.
In addition, Mr. Silverman
controls two parcels at 1-75 and
Sashabaw Road, which are ear-
marked for future commercial
use.
The Clarkston area has been
booming since the opening of
Chrysler Corporation's world
headquarters on 1-75 in Auburn
Hills.
In South Lyon, the Silverman
Companies have two communi-
ties — Oak Creek Village and
Trotter's Pointe.
The firm also has 500 in South
Lyon. "The important factor is
that the city of South Lyon has
sewer and water, where much of
the area surrounding it does not,"
Mr. Silverman said.
The organization also has ma-
jor developments in Commerce,
Lake Orion, Rochester, and in
Pittsfield Township near Ann Ar-
bor's Briarwood Mall, an area
Mr. Silverman calls one of the
busiest markets in southeastern
Michigan.
In Detroit, the Silvermans are
involved in the first new home
construction development in the
Federal Urban Empowerment
Zone, in the Belle Isle area near
East Grand Boulevard and
Lafayette. The homes are on
Townsend Street in Islandview
Village.
Mr. Silverman's company
strategy also includes develop-
ment of closer-in suburban sites,
like Bloomfield Chase, his newest
development, on Telegraph and
Long Lake roads. "We assembled
enough land for 42 new homes.
And the first week we opened, in
December, we received over 20
deposits. That's in December, in
Michigan, at $400,000 per
house," said Mr. Silverman.
Mr. Silverman has also been
involved with building a number
of Village Green Apartments in
Ann Arbor, Farmington Hills,
Southfield and Canton. He's now
building Lake Village Apart-
ments, near Bald Mountain
State Park in Auburn Hills,
which he called "the next gen-
eration of luxury housing."
Waiting in the wings is the
Lake Village of Auburn Hills,
which will be located at Baldwin
Road and 1-75, the same inter-
section as the Taubman Com-
pany's proposed megamall.
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