hood
hood
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Theres two ways it could pan out, I get a personal loan from my investor(s) and do the project myself, or my primary investor would be a "silent partner" in an LLC, we may seek another investor for a loan only, and I would still do the project mysel…
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Just a friend who also owns a cigar shop downtown. You need a suprisingly small down payment, in percantage anyway, to get a loan. About 15% is all thats required, or about $660k-850k on the $4.5-5.5 million.
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Just FYI, I am looking at the feasability of taking on this project with a friend (or friends) as financial backing. I met with the listing agent today at the building, but I found out little more than what we already know. I have a meeting on May 7…
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I doubt their holding out is noble in it's motivation, I think they are simply waiting for East Village to get built and hope for higher property values. It's a gamble, but it could potentially pay off big.
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Progress on the Sparrow Addition:
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The progress at the LCC University Center:
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I got about the same pic as Jared of the progress:
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In and LSJ interview with David Ferguson, when he's asked "Whats next for you?" he responded: "I'm looking at other parcels on the river in the greater Lansing area. I'd like to make some announcements in the next few months. It'll be more residenti…
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According to Strathmore's updated site, groundbreaking is set for fall of this year and completion for fall of 2009: Michigan Museum Place
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The liquor license listed is in escrow so I don't beleive that the business that it is from will be attached to it. I believe the dance and additional bar permit are new applications, not transfered. Also, as of yesterday morning the crane had …
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From this weeks City Counci Agenda: b. Letter from the City Clerk submitting an application for a permit/license requesting to Transfer Ownership of 2006 Class C Licensed Business, Located in escrow at 2820 E. Grand River Ave., Lansing, MI 48912,…
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I am very impressed with this. It looks like the residential buildings will be 6-7 floors, with retail masking the parking on ground level. It looks like a 8-9 floor hotel, and a very large winter garden which be pretty neat, I also really like the …
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Karp has already received deposits for the purchase of most of the units, I am on his mailing list. He even sent preliminary floor plans and a site plan, but no renderings. I cant find the email right now, but I'm sure I didn't delete it.
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I think the content of the homepage has been good so far, although it could be updated with the same type of news, just more often. Also, if someone posts a photo tour or set of construction updates that would be a good thing to post also. As an add…
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The building that the North Precinct is in is (or was) actually part of the larger 3 floor Motorwheel Building. It was almost completely reconstructed in 1999, I think. their website says that there is 40,000 sq ft of space leased to Lansing Police …
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I wonder how quickly redevelopment will take on after Washington is opened up, that SBC lot would be great to see get developed. But I hope to see most of the buildings in that area redeveloped, most should be razed. Also, the Victor building is des…
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It's the small two story building next to the North Capitol ramp, surrounded bt a small parking lot.
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Full Story: LCC buys downtown building At the end they say: "LCC this year filed a request for state aid to pay for a 70,000-square-foot academic building that would replace the Continental Building. The $48.3 million project would include ren…
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Boosting the size of a state building project after the funding was approved isn't unheard of, an example off the top of myy head is the Hall of Justice, I'd have to look at it again but it came in quite a bit more extravagent and expensive than it …
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I heard that LCC was appllying for state money to build a math center at the SW corner of Shiawassee & Washington, the site of the parking lot and Continental Building. I wonder if it's really going to be in addition to the existing Washington C…