Former GM site in Pontiac to get track, car condos?
Oleshansky has said he wants to begin condo pre-sales this Summer and break ground this year on the first phase, which would be the restaurant, retail outlets and a number of condos. Pricing for the condos hasn't been revealed, Oleshansky says he'd like to announce it in six to eight weeks.
The sale transaction doesn't appear to have been finalized yet, but the $50-$60-million development has preliminary approval from the Pontiac authorities, and could include an additional 7.5 acres devoted just to parking.
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