[LMich]

The LSJ had a story on the $24 million Market Place development, today.

The developer is obligated by the development agreement for the project to start it no later than spring of next year. The first phase will include an 85,000 sq ft, 6 story apartment building with 84 units split between one, two, and three bedroom apartments. The one bedrooms will start at $750 a month and the three bedrooms will go for as high as $1,400. The second phase will include another six story building, but it wil include up to 95 units and ground-floor retail.

In other news, the city is still pushing forward to find the funds for the public ice rink adjacent to Market Place and near the City Market.

The city is also looking to use TIFA funds to reconstruct the Lansing Center-Radisson pedestrian bridge over the Grand River in this same area.

All this comes a week after the Lansing 150 Foundation announced the sculpture chosen to sit on the riverfront near the City Market. Named "Inspiration", the 20-foot tall stainless steel twisted arch is by California sculptor James T. Russell. The $275,000 cost will be entirely funded by private donations.