Park Place developer 'out' for now, but prepared to try again in downtown East Lansing
EAST LANSING – The developers of Park Place are prepared to likely try again after city officials axed their site plan Tuesday night.
The East Lansing City Council unanimously voted down plans from Vlahakis Development and Royal Properties to construct a nine-story, multi-use building at the corner of Evergreen Avenue and Albert Street at the edge of downtown.
City officials said they didn't see enough public benefit in the project and expressed concerns about whether developers could bring the project to fruition. One attributed his doubt to multiple revisions since developers first signed a purchase agreementon the property in December.
EAST LANSING – Michigan State University Federal Credit Union hopes a proposal for an office building downtown can help spark a new kind of development, CEO April Clobes said.
East Lansing Mayor Ruth Beier said she has that same hope.
City officials have been asking for office developments for years and have always been told there isn't enough profit in it, Beier said.
So Beier was "beside myself with joy" when the city received a proposal from Michigan State University Federal Credit Union to build a five- to eight-story building in what's currently a city parking lot.