Metro Flats
Well, since both the LSJ and City Pulse have now reported on this, I thought I'd give Hepler's most recent proposal it's own page.
My only question is that given how he says these are easier to finance, and they are definitely easier to construct, what Hepler is doing, this year, that's keeping him from starting this until next year. Seems like with 10 more months left in the year, you could have construction ready by the late fall, at least.
Pre-built 'Metro Flats' envisioned in Lansing
By Lindsay VanHulle | LSJ
March 9, 2014
Harry Hepler has a plan for a vacant lot near his Motor Wheel Lofts apartments.
Hepler, the developer behind several high-end, loft-style rental units in Lansing, wants to build 200 apartments, mostly one-bedroom, and rent them for between $500 and $600 per month.
They won’t be traditional apartments, however. They’ll be prefabricated and modular, built as individual units and assembled later.
“We are looking to raise the bar,” said Steve Purchase, vice president of Hepler’s development company, H Inc.
Called Metro Flats, Hepler’s team envisions four buildings near Oakland Avenue and Prudden Street in Lansing. One-bedroom units would be between 500 and 600 square feet, with phone-controlled appliances, flexible space and adaptable furniture. Two- and three-bedroom units also are being considered, Hepler said.
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Ultimately, Hepler plans to build the units in Lansing and transport them by rail to other cities, where he or other developers could assemble them.
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My only question is that given how he says these are easier to finance, and they are definitely easier to construct, what Hepler is doing, this year, that's keeping him from starting this until next year. Seems like with 10 more months left in the year, you could have construction ready by the late fall, at least.
Comments
Still, this is sort of out-of-the-way, anyway, so I'm not stuck up on how any of this is oriented. It just seems you want to line May. In a perfect world, since there is not much retail in this area, I'd have liked to have seen some small, neighborhood storefronts along May, but so very few developers do neighborhood retail, these days, that I don't expect it.
Well, what'cha gonna' do? This is Lansing, after all. lol
BTW, I wonder if Gillespie will eventually do something with the land across from Prudden Place? It was supposed to be a second phase. With this development, this would be the last little piece of the puzzle up that way.