Cadillac -
Perhaps the biggest thing going on in Cadillac right now (in terms of development) is the newly-opened, $9.2 million
Cadillac Lofts. This project, first discussed in 2017, broke ground in 2019 and Phase 1 opened in September 2020 after some COVID-19 construction delays. It include three floors of apartment units (42 residences total) atop ground floor retail. The project address is
207 S. Mitchell St. (corner of South Mitchell Street and East Cass Street in downtown Cadillac) - the former location of a grocery store.
The project is funded by MCC (Michigan Community Capital) and the apartments are considered "workforce housing - a term I'm finding quite frequently in Northern Michigan developments. 85% of its residential units are priced at 80% of Area Median Income (AMI) rates. The remainder are market-rate. This is the first notable apartment development in Cadillac in a decade and a half, and it looks like it was needed. It reached 100% occupancy on the residential side very quickly, which bodes well for Phase 2 - a "mirror image" building of the first one is planned, for about $10 million.
The city has a longer term goal with this project - it hopes to provide future developers with a precedent that investment in new construction in Cadillac can pay off -
Cadillac Lofts Rendering -
Source:
Northern Express
A finished kitchen in one of the units -
Source:
MCC
Site plan from May 2019, showing the ultimate arrangement of both buildings -
Source:
MCC