The Petoskey Pointe project in downtown Petoskey has had its share of trouble in the last few years, but its new owner, a Traverse City-based bank, has now announced its intentions to explore future development of the site.
Excerpt: When a holding company acquired the stalled Petoskey Pointe project's downtown site in late 2010, few details emerged early on about the new owner's background.
As it turns out, the company's owner has a prominent presence in banking around Northwest Michigan.
On Thursday, Traverse City-based Northwestern Bank announced that it was the owner of Downtown Petoskey LLC, which holds the site at Mitchell Street and U.S. 31.
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Source: The Petoskey News-Review
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