[animatedmartian]

Medical Mile developer's $50M apartments hit 'untapped market' of students, professionals
By Jim Harger. June 23, 2015.

A Georgia real estate developer wants to build a 287-unit apartment project along the city's Medical Mile to meet the demand for housing by young professionals and students.

The $50 million-plus project would be built north of Michigan Street NE and replace 16 houses and a commercial building used by Goodwill Industries along Grand and Benson avenues NE. The project will include a 334-car parking deck.

The four-story units also will include a two-story fitness center, a business center and gathering space, said Matthew Marshall, vice president of RISE Real Estate of Valdosta, Ga.

The city Planning Commission will hold a public hearing on the proposed project on July 9. Marshall said they have assembled ownership or control of the 20 properties that will make up the project. He said they hope to begin work on the project by October.

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http://www.mlive.com/business/west-michigan/index.ssf/2015/06/medical_mile_developer_wants_t.html