Cedar St. School Redevelopment
Old Town
Commercial
Complete
North Cedar St. Lansing MI 48906
Development Company - Old Town Medical Building
Project Description - Two independent physicians with a vision for a Medical Arts Building that would incorporate a physical fitness club, doctors' offices, and retail space in Old Town Lansing began looking for a building in the spring of 2007. Almost a year later they found the ideal building, a decommissioned elementary school on North Cedar Street. The Cedar Street School had lay vacant for over ten years when they bought the property, but within six months of ownership they'd already broken ground on this major building transformation. The building will be completed in the Summer of 2009 and they hope to receive a LEED Rating of Gold for energy and environmentally efficient design and construction.
Completion Date - pending
Project Cost - $1,500,000
Public Incentive - OPRA, Brownfield, MBT Credit - $275,000
OPRA
Brown Field Local TIF
Brown Filed State TIF
Brown Field MBT Credit
Private Investment: $2,610,000.00
Commited Private Investment: $3,583,360.00
Jobs Created: 7
