Posted Dec 14, 2011, 12:01 PM
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Midwest Moderator - Editor
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Join Date: Jan 2002
Location: Big Mitten
Posts: 31,740
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Reutter Park Place continues to move forward...
Quote:
Plans for YMCA site in downtown Lansing advance
Melissa Anders | Lansing State Journal
December 14, 2011
Developers hope to break ground in the spring on a four-story apartment and retail building in downtown Lansing.
East Lansing-based Lawton Group Development plans to tear down the former YMCA building at 301 W. Lenawee St. and construct a 151,400-square-foot building with 228 apartments, first-floor retail space and underground and surface parking.
Lawton's Dan Essa said he hopes to finalize financing in about a week for the project, dubbed Reutter Park Place. The cost is pegged at $19 million, including construction, land and other costs.
"I feel really good about it for the first time in a long time," Essa said. He hopes to start work in April 2012 and finish by fall 2013.
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Monthly rent for one- and two-bedroom apartments will range from $675 to $1,250 per month.
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