The corner of Michigan Avenue and Marshall Street in Lansing is about to get a long-awaited facelift.
“There hasn’t really been any new development on Michigan Ave on the east side outside of Sparrow,” says developer Scott Gillespie of The Gillespie Company
of his proposed $1.4 million mixed used project. “This will be the first in many, many ears I’m excited to be a part of it.”
The finished product will be a 14,380 square foot, three-story building featuring 12 to 13 apartments and commercial space on the f
irst floor. Gillespie has recently signed with Subway Restaurants as a tenant for about half of the commercial space. Approximately 2,000 square feet of commercial space is still available. The residential portion of the building will include a variety of studios, one- and two-bedroom apartments.
Gillespie had his eye on the property for years, as it is adjacent to a building he owns
. He was able to purchase the property after it went into foreclosure and the Ingham County Land Bank took ownership.
The project has been approved by the Lansing Brownfield Redevelopment Authority, and Gillespie is awaiting final approval by the City Council.
“I’d like to start as soon as I get approval from the city,” he says. “I’d like to have it going by mid-summer.”
Gillespie plans to have to the project completed by the first quarter of 2012.
“I’m excited to change the landscape on the area,” says Gillespie. “And my hope is that it will spur more development on Michigan Avenue.”
Source: Steve Gillespie of The Gillespie Company
Writer: Natalie Burg, News Editor