Though many steps are required before the project is certain, the
Gillespie Group recently presented plans to the Lansing City Council for a mixed-use development at the location of the former Silver Dollar Saloon on Michigan Avenue.
"It’s the very early stages, but we’re hoping to put it all together,” says Jason Kildea, director of commercial real estate for the Gillespie Group.
The plan presented is for a four-story, 60,000-65,000 square foot building with 57 apartment units and two commercial spaces. Kildea says the Gillespie Group is currently looking at a financial user for one of the commercial spaces. The development is currently called Midtown.
The Gillespie Group purchased the property from the
Ingham County Land Bank for $400,000. According to Kildea, the location made the property a good opportunity for the development firm.
“It’s the best of all worlds,” he says. “It’s in the City of Lansing, it’s close the boarder of MSU and it has high visibility on the main thoroughfare. We thought it was a nice location.”
The Gillespie Group is now approval process for a special land use permit to building a flood plain. If granted approval, they’ll move on to working with the Department of Environmental Quality.
“It’s very early on yet,” Kildea says. “We don’t know if it’s a real project right now, but we’re excited to be working on it.”
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