$85 Million New Development Proposed for Eastwood Town Center Area

Developers are contemplating an $85 million mixed use project to expand the existing Eastwood Town Center in Lansing Township.

According to excerpts from the article:

Plans are in the works for a 15-acre mixed-use development on vacant land along Preyde Boulevard east of NCG Eastwood Cinemas and north of the Champps Americana restaurant. Those plans call for a collection of restaurants, shops, condos, a boutique hotel and a parking ramp.

The Lansing Township Downtown Development Authority hopes to receive $29 million in Recovery Zone Bonds — federal stimulus package money — and start construction in spring 2010.

The DDA would build the parking structure and some commercial space at a cost of roughly $21 million to $25 million, but it's seeking a private developer for the rest of the project.

Read the entire article here.

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