Provident Place - Lansing
Lots of development popping up this week. First it was an expansion at the Heights at Eastwood, which could include up to 500 new housing units, and now this:
LANSING - Developer Scott Gillespie is planning to build a $7 million residential and retail development on East Michigan Avenue, about two blocks from a similar project already under construction.
The four-story Provident Place will feature 33 residential units and 9,500 square feet of retail space on the ground floor, Gillespie announced at a press conference Friday morning.
Two vacant buildings, at 2216 and 2224 East Michigan Ave., will be demolished to make way for the project.
"This is the key area," said Lansing Mayor Virg Bernero. "We call it the 'miracle mile' and it is living up to that nickname... It is going to be spectacular."
The project joins East Town, formerly called East Town Flats, as one of several projects in the corridor that connects downtown Lansing with East Lansing and Michigan State University.
East Town is set for completion this summer. That four-story mixed-use development is also backed by Gillespie.
Anyway, the rents at this one look way more in line with what you'd expected in Lansing.