That looks great...and that will be a good area for that I think. The southern edge of downtown can use some new projects in my mind. Too bad they won't go for 30 floors! Downtown Lansing needs a new tallest building, and its tallest building should be built this century. This probably won't add much to the skyline, but it will definitely be good.
I'm new to the area, so I wonder if there are any thoughts from regulars about building a brand new office building when all of Accident Funds' buildings are going to go vacant in a couple years when they move into their new headquarters? I know AF uses the building on Wasthington Sq. and Allegan which otherwise looks pretty empty. I just worry about the footprint when AF moves into the new headquarters. Don't get me wrong, it's a good thing...filling AF's current facilities will be obviously easier than filling the Ottawa power station, but still.
I think this is a great project in almost every aspect. I like the design, it's nice but not eccentric and it looks like it will give an imposing feel to the street. It has ground floor retail, they put the building on top of the parking to give the whole thing more height, and finally it couldn't be in a better location to encourage future growth. I think this building will be great, it will be one of those projects that seems to substantially expand downtown. And with a mid 2010 completion date the thing should be getting underway any time here, definately before the end of the year. I usually wouldn't be so optimistic, but the big BOA sign onsite makes me think this project is on the fast track to being built.
As far as Accident Fund's properties being vacated, I think that won't affect this too much. AF basically has their main HQ and the Landmark Building, the Landmark Building is already for sale, I think that will likely be converted in to lofts on the upper floors with ground floor retail. Their HQ building is a bit tougher, but I don't think it will be too hard to fill, I wouldn't be suprised if Capitol Bancorp buys it for their headquarters or something.
BTW, Lmich can you add this to Emporis if you haven't already?
On WILX they said they expect to break ground in 6-8 months. I think thats realistic, given that we know this project has already been in the works for quite awhile.
Well the listing describes it as a 10th floor terrace, theres something more to it, I guess we'll have to wait to find out. And I think they are counting the penthouse as a floor, since it has locker rooms, bathrooms, ect...
I had asked a couple days ago about why For Sale signs were still at the YMCA building (site of the Lenawee Project) and Jared responded to that question. (the posts about that are under General Lansing Development)
I walked by there today and the only sign present said "Financing Available by Bank of America" and had a contact phone number. If I remember correctly there were commercial real estate signs there just a couple weeks ago. I'm still just anxious to see more information on this and to know it's still moving forward, even if very slowly.
Comments
I'm new to the area, so I wonder if there are any thoughts from regulars about building a brand new office building when all of Accident Funds' buildings are going to go vacant in a couple years when they move into their new headquarters? I know AF uses the building on Wasthington Sq. and Allegan which otherwise looks pretty empty. I just worry about the footprint when AF moves into the new headquarters. Don't get me wrong, it's a good thing...filling AF's current facilities will be obviously easier than filling the Ottawa power station, but still.
As far as Accident Fund's properties being vacated, I think that won't affect this too much. AF basically has their main HQ and the Landmark Building, the Landmark Building is already for sale, I think that will likely be converted in to lofts on the upper floors with ground floor retail. Their HQ building is a bit tougher, but I don't think it will be too hard to fill, I wouldn't be suprised if Capitol Bancorp buys it for their headquarters or something.
BTW, Lmich can you add this to Emporis if you haven't already?
http://www.wlns.com/Global/story.asp?S=8204475&nav=menu25_2
I walked by there today and the only sign present said "Financing Available by Bank of America" and had a contact phone number. If I remember correctly there were commercial real estate signs there just a couple weeks ago. I'm still just anxious to see more information on this and to know it's still moving forward, even if very slowly.