Uniland Development is going low at Gates Circle but units in its proposed project will carry high prices. The developer is planning 12 townhouses for the vacant Park Lane restaurant site on Gates Circle. According to Business First, the units are expected to cost over $1 million and possibly close to $2 million.
Uniland purchased the Park Lane site in May 2006 and unveiled an ultra-luxury, 23-story tower one year later. Plans prepared by Diamond Schmitt Architects and Hamilton Houston Lownie called for 68 residences ranging in size from 1,000 to 6,400 sq.ft. and priced from $450,000 to $2 million plus. The project received City approvals in September 2007 and was quickly hit with a lawsuit by neighbors. The lawsuit, since dismissed, and a down economy forced Uniland to put the tower on ice.