Posted Nov 29, 2018, 10:56 AM
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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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180 Water Street gets a boost towards seeing its completion.
Quote:
State approves incentives for $70M downtown Kalamazoo project
KALAMAZOO, MI -- State incentives will help fund a $70.8 million, seven-story mixed-use development being built in downtown Kalamazoo.
Tuesday, the board of the Michigan Strategic Fund approved capturing $3.84 million in local and school taxes to support the Catalyst Development Co. LLC project. The developer purchased a city-owned surface parking lot in July and expects to add 50 full-time jobs, 49 apartments and office space.
The 275,000-square-foot building will sit on a 1.362-acres overlooking the Arcadia Creek Festival Place. Once finished, it will include 55,000 square feet of commercial office space and accommodate 310 parking spaces for tenants and the public.
Housing will include studio, one and two bedroom units ranging 550 square feet to 1,300 square feet. Twenty-one of the units will be offered at below market rate.
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BTW, planning any updates for South Rose at East Lovell (can't wait until this gets a name)?
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Where the trees are the right height
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