I was told Prudden Wheel would have 138-140 units. Their website says 134. I wish they had better information out because I don't really have anything, sorry.
I didn't see it mentioned but DLI released their Market Analysis. Apparently DT can support 1000+ new units/year for the next five years, while Old Town and REO Town could do ~200 each. We're discussing if there are any targeted zoning changes to be made to support this. DT-1 is the biggest limiting factor, regulations-wise.
They included two demonstration sites, one at the Granger property at Michigan and Grand. I know DLI really wants to put the pressure on to make something happen on the heels of the Gentilozzi announcement.
So...for the Granger site...I have close experience with Granger Development. They are very aware of that property and have always had big plans for it. Nothing has ever become public, to my knowledge. Their biggest hold up is that they want to pay as little as possible out of pocket for the project. I can't say much more, but wanted to share that. I'm happy to share more details in a message. Gary Granger isn't the best developer, and I don't have high hopes though.
I agree though, I'm sick of that site just being a decrepit parking lot. It's steady income for them though.
100% agree! I'm no longer involved with them, but keep hoping something will come of it. I wish instead he'd sell it as well so there's a better chance of redevelopment. Like I said, he's not the best developer. Hoping New Vision is a reality check for him.
@MichMatters It's in there towards the end, there's renderings and floor plans included, it shows the side by the old Riverfront Cycle as leased. The costs are shown at a little over $1m so it should be a fairly extensive renovation for the building.
Agreed on both counts regarding the looks of the buildings. I see what looks like a rooftop patio over the old Riverfront Cycle, that could be interesting.
Planning Commission did recommend approval of selling Lot 1. Although it didn't go through a bid process, Boji+LHC have been the only entities expressing interest in it.
I've only asked for revenue numbers for Lot 50 (Pere Marquette), Lot 1, and Lot 49 for the Act 33 staff report which are public record so.
Lot 50: 2017 $12,187 | 2018 $13,565 | 2019 $14,099 | 2020 $8,878 | 2021 $1,951
Lot 49 FY18 $62,696.01 | FY19 $71,487.99 | FY20 $49,072.00 | FY21 $9,017.00 | FY22 $5,939.00 | FY23 $5,798.00
Lot 49A FY18 $20,667.00 | FY19 $17,957.00 | FY20 $25,809.00 | FY21 $3,462.00 | FY22 $1,268.00 | FY23 $1,732.00
The status of New Vision has become a bit of a mystery hasn't it?
Is it dead in the water? Are they refining the proposal based on feedback from the city or the public? Did elements within city leadership that wanted to put out a request for proposals or split the money amongst developers gain ground?
On another construction-delay related note: Why did the mayor go out of his way to hold a ceremonial ground breaking for The Ovation when it was very clearly months or more away from any real work? I'm growing a little concerned about what might or might not be going on behind the scenes
I was downtown yesterday and saw a huge crane removing a very large piece of machinery from the roof of the building at the southwest side of Washington and Michigan. [I don't know the name] I was wondering if this may be the beginning of the redevelopment of that building into apartments.
Over on S Cedar the Stadium North building has been painted some nice blues and tans, with the brick work on the street side it looks pretty nice, and a bit different from the other new apartment buildings around town.
I guess I would recommend reaching out to the Vision Lansing PR people. Planning and Zoning staff get so many one-off or periodic questions then nothing happens so I have learned to stop chasing updates. They were in a few days ago to verify some zoning questions but I didn't overhear any timeline updates. As for the Act 33 process, I don't think most other communities do it this way, besides for street vacations, but it has been policy here for decades as a way to conform with Article IV - 125.3861 - Sec. 1. Some easement reviews are a little unnecessary in my opinion but it all is in the interest of transparency. Air rights is just a simple way of covering use of the ROW.
Comments
I didn't see it mentioned but DLI released their Market Analysis. Apparently DT can support 1000+ new units/year for the next five years, while Old Town and REO Town could do ~200 each. We're discussing if there are any targeted zoning changes to be made to support this. DT-1 is the biggest limiting factor, regulations-wise.
They included two demonstration sites, one at the Granger property at Michigan and Grand. I know DLI really wants to put the pressure on to make something happen on the heels of the Gentilozzi announcement.
I agree though, I'm sick of that site just being a decrepit parking lot. It's steady income for them though.
I've only asked for revenue numbers for Lot 50 (Pere Marquette), Lot 1, and Lot 49 for the Act 33 staff report which are public record so.
Lot 50: 2017 $12,187 | 2018 $13,565 | 2019 $14,099 | 2020 $8,878 | 2021 $1,951
Lot 49 FY18 $62,696.01 | FY19 $71,487.99 | FY20 $49,072.00 | FY21 $9,017.00 | FY22 $5,939.00 | FY23 $5,798.00
Lot 49A FY18 $20,667.00 | FY19 $17,957.00 | FY20 $25,809.00 | FY21 $3,462.00 | FY22 $1,268.00 | FY23 $1,732.00
The LSJ had an article on the Hepler development at Saginaw & Penn, not really any notable new info but worth a read:
https://www.lansingstatejournal.com/story/news/local/2023/10/08/harry-hepler-h-inc-development-saginaw-pennsylvania/71100483007/?fbclid=IwAR1sc6Tm5abZsJ2g3U6BocMk5FJxuZjOpQmoB0EGxu_RdVTR-1aly2Y2ErU
Is it dead in the water? Are they refining the proposal based on feedback from the city or the public? Did elements within city leadership that wanted to put out a request for proposals or split the money amongst developers gain ground?
On another construction-delay related note: Why did the mayor go out of his way to hold a ceremonial ground breaking for The Ovation when it was very clearly months or more away from any real work? I'm growing a little concerned about what might or might not be going on behind the scenes
Over on S Cedar the Stadium North building has been painted some nice blues and tans, with the brick work on the street side it looks pretty nice, and a bit different from the other new apartment buildings around town.