Kalamazoo -
A new rendering is up for The Exchange Building, planned for the corner of Michigan Avenue and Rose Street. This rendering gives some more clarity as to what will be on each level. The building will be 15 stories total, 340,000 SF, and an estimated cost of $52.7 million. There will be 300 parking spaces inside the building. According to
this article -
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Commercial tenants will use the ground floor and a portion of the second floor. They will also use the entire seventh and 15th floors. There will be multiple levels of parking inside the building that will be accessed and exited via Michigan Avenue. Parking will be on a portion of the second floor and all of the third, fourth, fifth and sixth floors. Apartments will be developed on floors 8 through 14.
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The project has evolved several times since it was originally announced back in 2011. At that point, it was only an 8 story structure, 205,000 SF and estimated at $24.5 million, but financial backers pulled out and the project stalled for 6 years. If you want to follow this development more closely, there is a dedicated thread for it,
here -
Source:
MLive | Phoenix Properties