Troy Approves New Condo Project Near Long Lake & John R — What to Know
The Troy Planning Commission unanimously approved preliminary site plans for the Emery Site Condominium on July 14, 2026. The project puts six new condo units near the east side of John R Road, south of East Long Lake Road, adding to a very thin pool of Troy Michigan new condos currently available.
What the Emery Site Condominium Project Actually Is
Six units is a small project by any measure, but small condo developments are the norm in Troy. The city does not have the large-scale multifamily pipeline you see in places like downtown Detroit or Midtown. Approvals here tend to come one modest project at a time, which is part of why Troy Michigan new condos stay scarce relative to demand.
The John R and East Long Lake corridor sits in a well-connected part of Troy. Somerset Collection is roughly 2 miles south. Interstate 75 access is close. The location draws interest from buyers who want walkable access to retail and restaurants without sacrificing the suburban feel Troy is known for. For a closer look at how Troy compares to other Oakland County communities, see the Troy community overview.
What New Condo Inventory Means for Troy's Market
Troy has long attracted buyers priced out of Birmingham or looking for more space than Royal Oak or Berkley offer at the same price point. The condo segment in Troy has historically been tight. When resale condo inventory drops, buyers have few options and prices hold firm.
Six new units will not move the needle on overall supply, but each approval like this one adds to a slow accumulation of inventory. For buyers tracking Troy Michigan new condos, this project is worth watching through the final site plan and construction phases. For homeowners already holding condo or single-family equity in the area, tight supply has consistently supported values. Find out what your home is worth →
According to the National Association of Realtors, limited housing inventory relative to buyer demand continues to be a primary driver of price stability in suburban markets across the country. Troy fits that pattern.
What This Means For You
• Six-unit condo projects move through construction faster than large developments, so units could come to market within 12 to 18 months of breaking ground depending on final approvals.
• Buyers interested in Troy Michigan new condos should get financing pre-approval now so they can move quickly when units are listed.
• Investors watching Oakland County should note that small condo projects in high-demand corridors like John R and Long Lake tend to hold resale value well.
• Homeowners in surrounding neighborhoods benefit from continued development pressure that keeps demand for Troy addresses strong. Find out what your home is worth →
Troy does not approve projects like this every month. When a unanimous planning commission vote clears a new condo development in a market this competitive, it is worth paying attention. Keep an eye on final site plan approval and the construction timeline if you are a buyer, investor, or current homeowner in the area.
Frequently Asked Questions
How many units are in the Emery Site Condominium project in Troy?
The Troy Planning Commission approved preliminary site plans for a six-unit condominium complex. The project is located near the east side of John R Road, south of East Long Lake Road.
Are Troy Michigan new condos a good investment right now?
Troy has consistently low condo inventory relative to buyer demand, which has supported stable pricing in the resale market. Small projects like the Emery Site add limited supply, which means competition among buyers for available units tends to remain strong.
What is the next step after the Troy Planning Commission approves a project?
Preliminary site plan approval is the first formal step. The developer still needs to receive final site plan approval before construction can begin. Buyers interested in new condo units in Troy should monitor the project for final approvals and a construction start date.
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