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Old Posted Mar 21, 2012, 9:35 AM
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LMich LMich is offline
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Join Date: Jan 2002
Location: Big Mitten
Posts: 31,740
Is this really finally happening?

Quote:


Developer: Financing secured for City Center II in East Lansing

by Lindsay VanHulle | Lansing State Journal

March 21, 2012

EAST LANSING — The developer of a long-stalled construction project on a prominent downtown East Lansing corner said he has secured the required financing to move forward on the $105 million mixed-use complex.

Plans for City Center II, roughly 5.5 acres near the intersection of Grand River Avenue and Abbot Road and stretching to Valley Court Park, include a 110-room Hotel Indigo, owned by British hotel chain InterContinental Hotels Group; a performing arts theater associated with Michigan State University; for-rent apartments and townhomes and various retail and dining options.

Financing details, which includes $50 million from an unnamed private lender, were presented Tuesday during an East Lansing City Council work session.

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