A 6.3-acre on Lake Lansing and Coolidge Roads is about to get a dramatic makeover. The two-story, 24,718-square foot former Blue Cross/Blue Shield building is scheduled to be demolished by the end of this month to make way for three new developments on the
East Lansing site.
“This is one of the few gems in Michigan right now because it has high visibility and high traffic,” says Kevin McGraw, President of the Lansing-based
Caddis Development Group that is developing the property. “We had several users who wanted to be on the site. We’ve been working with the municipality and the local neighborhood to find a plan that works for everyone, and it looks like we did.”
The new developments will include a LEED-certified, 4,000 square foot PNC Bank and a 10,000 square foot medical center. The third lot is intended to be a second development center that could be up to 24,000 square feet.
“We’ll be doing site work immediately after [the existing building is demolished] and we expect PNC to comment in the next couple of months,” says McGraw.
CADDIS hopes to see PNC Bank is open before the end of the year, and the medical office open by next spring. While a timeline has not been set for the third development, McGraw says that several potential occupants have expressed interest in the property.
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