Even in a soft housing market, potential buyers are excited about the completion of
the $12 million Avondale Square project in downtown East Lansing and are ready
to get a sneak peek at one of the 30 housing units that are under construction.
According to excerpts from the article:
Bob Schroeder, of Mayberry Homes, said framing of a model
home should be under way this week or next and it should be open by early
March. It will be the first of 30 housing units the city is building in the 600
block of Virginia Avenue.
East Lansing acquired most of the property in the block,
tore down the existing structures, most of which were student rental housing
units, and is replacing them with townhouses and single-family homes, all of
which will be owner occupied.
The $12 million redevelopment project will include 14
units that will be attached in townhouse style and 16 detached single-family
homes, said Tim Dempsey, East Lansing community development administrator.
The price range will be from about $160,000 to $300,000.
Twelve of the homes will be "income qualified,"
he said, which will allow buyers to obtain assistance with a down payment and a
second mortgage.
Read the entire article here.
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