The first of many homes in the $11 million Avondale Square development in downtown East Lansing has opened its doors.
“I think this will dramatically improve that area of East Lansing,” says Bob Schroeder, with Mayberry Homes, builders of the project.
The City of East Lansing spent $4 million to acquire the properties and $7 million in private investment was put into the developments. When the project is complete, 14 new townhouses and 16 single-family homes will line the 600 block of Virginia Avenue in downtown East Lansing.
Twelve of the units will be set aside for households earning no more than 80 percent of area's Median Income ($51,900 for a family of four). The rest will be market-rate units.
“We’ve had a good response,” Schroeder says. “I think it’s unique. It’s a new urban, alley-style project.”
Although the project is still in the early stages of development, one lot has been sold and a second lot has been reserved.
Source: Mikell Frey, City of East Lansing
Ivy Hughes, development news editor, can be reached here.
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