Arrowhead Developers, a Michigan Based Company Seeks to Provide Moderately Priced Homes in the Petoskey and Harbor Springs Area

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Established in 2018, Arrowhead Developers is planning to offer moderately priced affordable homes and provide much needed housing inventory for local residents.

We have put together a fantastic team of people who are part of the vision that will help bring this idea to reality.

"We are thrilled about the prospects of offering family homes that will be affordable for the residents in the area" says Peter Roesner, President of Arrowhead Developers LLC. "We have put together a fantastic team of people who are part of the vision that will help bring this idea to reality."

Mr. Roesner, a businessman from Indiana, formed Arrowhead Developers LLC in 2018. "The mean household income is approximately $65,000 per year and, in the world of mortgages, indicates home prices in the $220k to $260k range will meet the affordable threshold for these folks." says Roesner.

He has partnered with Ben Wiklanski of Alanson who is the builder for Arrowhead. “Ben brings many years of experience, quality, and discipline to the table, he is a perfect fit.”

Roesner adds, "There is a shortage of trades in the area, which will drive up costs to build. In order to offset these costs we are introducing modular homes into our neighborhood developments. The result is an affordable, high quality family home.” Arrowhead is a family business, and Mr. Roesner's wife, Debra, is active as the vice president. Mrs. Roesner works with the manufacturers on product selection and design.

The Arrowhead team includes Josh Geary, owner of Geary's Excavating. “A great project and glad to be part of it from the beginning”, says Mr. Geary, “when Pete mentioned the idea last fall, we were ready to go.”

Kevin Olson, of Graham Real Estate is also an integral part of the project “Pete and I have been talking about this for quite some time and I am happy to see the plan and the team coming together.” Mr. Olson and Graham Real Estate will be listing the homes as they become available.

Also working with Arrowhead, is Riverbank Finance of Grand Rapids, Michigan to help their clients find the right mortgage.

Arrowhead plans to offer its first home just east of Harbor Springs in February 2019, followed by approximately 40 mores homes in its first development.

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