The Lansing City Council recently approved the $22.5
million Capitol Club Tower project on Grand River in Downtown Lansing. The
Council’s blessing gives developers Allen Drouare and Shawn Elliott the green
light to start working on a 12-story mixed use building.
According to excerpts from the article:
The Lansing City Council signed off on the final pieces
of the Capitol Club Tower development, approving the nearly $1.5 million sale
of the city's South Grand Avenue parking structure and an adjacent parking lot
for the project. Developers say they now can finalize planning for the tower,
including its eventual height.
The development team - which includes local developers
Allen Drouare and Shawn Elliott and Grand Rapids firm Robert Grooters
Development Co. - has pledged to build a tower at least 12 stories tall with
122 owner-occupied units.
"It makes sense for us to build it taller if the
demand is there," Drouare said.
Signs are positive so far, despite a sluggish state
economy and sliding housing market, developers said.
Read the entire article here.
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