Petoskey -
Sticking with Petoskey, here's a newer development that came to light last year -
200 Howard Street and 322 Bay Street / a.k.a. "Bay Street Development"
The two addresses above were acquired by "Main Dock 7271" - a real estate development company formed by Ira Green and Melanie Libby - sometime prior to February 2020. Those sites most recently housed a rug shop and a multi-tenant office building. The initial proposal was to replace both of these under-utilized downtown properties with a 20-unit residence and some ground-floor retail. Also included was indoor heated parking for residents. The developers were asking the city for BRA credits, as well as the potential to integrate the adjacent two lots that currently host a city-owned surface lot into a larger parking deck. They were also counting on the usual MEDC tax increment financing. The developers indicated that they would want a 20 ft. wide "no build" easement adjoining the west edge of the development site, in order to allow for western-facing units above the ground level to maintain balconies and views. Finally, there were talks of a public "performance plaza". All of this was estimated to be a $10 million investment. Here's an early rendering of the above proposal -
Source:
Petoskey News-Review | Courtesy CIty of Petoskey
Shortly thereafter, the plans were revised to account for 32 apartment units instead of the original 20, and the public plaza portion of the project (atop the parking deck) was eliminated. In May 2020, the developers apparently switched from a residential units model to a boutique hotel. See subsequent images, below, included in the February 11, 2020 City Council Agenda Packet (the design did not change much between the 32-unit residence and the boutique hotel) -
Source:
Petoskey City Council, February 17, 2020 Agenda Packet
It sounds like brownfield credits can apply here, and it sounds like the city was amenable to the development, and agreed to start negotiating the legalities of the owner-requested "no-build" easement. But as of August 2020, the developers had requested a postponement of their request to introduce the introduction of a Brownfield 381 Action Plan, and I think it has been pretty quiet since then.
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