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Developer seeks $640K tax break for Grand Haven apartments: What to know

The Grand Haven City Council on Tuesday, Oct. 20, hosted a public hearing to consider a tax exemption application for a 45-unit apartment project at 1445 Columbus St.

The property owner, doing business as Beechtree Leasing, LLC, is seeking an eight-year Commercial Rehabilitation Act Exemption Certificate with an estimated benefit of $638,357. The overall project cost is estimated to be $11.06 million, according to city documents. The proposed project involves demolishing two vacant industrial buildings to make space for a new building consisting of 45 market-rate apartments. It would have a mix of studio, one-, and two-bedroom units. Rental rates are projected to be between $1,422 and $1,978 per month.

Beechtree Leasing is an entity formed by Greg Oleszczuk, owner of Grand Haven-based Westwind Construction. The company has developed and/or manages multifamily properties in Kalamazoo, Traverse City and Gaylord.

https://www.mlive.com/news/grand-rap...t-to-know.html