LANSING - Demolition has begun on the former Story Oldsmobile building on Michigan Avenue to make way for the $77 million SkyVue project.
The nine-story, mixed-use building near the Frandor Shopping Center will have 359 residential units with a small retail space available on the first floor. The project, headed by Georgia-based developer Rise Real Estate, is expected to be complete by the summer of 2017.
“I’m really excited about the impact it will have on all of Michigan Avenue … the retail in Frandor and at (the future) Red Cedar Renaissance,” said Bob Trezise, president and CEO of the Lansing Economic Area Partnership. “This will be a new standard for development.”