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Old Posted Jun 25, 2008, 7:43 AM
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LMich LMich is offline
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Join Date: Jan 2002
Location: Big Mitten
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They decided some time ago, now, to settle on 18 stories, but this latest article seems to state that they may still raise it if demands warrant:

Becky Shink/Lansing State Journal

Selection center: Crews work Friday on the Capitol Club Tower's selection center and sales office. The tower is currently planned for 18 stories, but it could be taller if there's enough interest from potential buyers.

Sales office's success may boost Capitol Club Tower's height

Reaching for the sky

Jeremy W. Steele • Lansing State Journal • June 21, 2008 • From Lansing State Journal

Plans to build a riverfront condominium tower in downtown Lansing are slated to take a step forward next week.

Developers of the Capitol Club Tower - slated to rise 18 stories from its site near Grand Avenue and Allegan Street depending on demand - are set to open a selection center and sales office along Michigan Avenue on Thursday.

The nearly 850-square-foot selection center, which looks out along its west wall toward the riverfront project, is designed to show would-be buyers the types of materials that will be used in the units.

Shawn Elliott, a partner in the project, hopes the space will help cement enough interest to take the building higher.

"This summer, we have to make the call," said Elliott, who has rehabbed several downtown buildings. "We have the opportunity to build the biggest building in Lansing."

At 18 stories, the tower would be the city's second-tallest building, behind Boji Tower at Allegan Street and Capitol Avenue.

So far, nearly 100 refundable deposits of $1,000 have been put down toward units in the Capitol Club building.
The deposits reserve possible buyers' places in line for condos and help developers determine how big they can make the building.

"We really need to have those conversations as soon as possible," he said. "Some people think they can wait to see a crane in the air. If that happens, they've probably waited too long."

Because of tax incentives at the site, monthly mortgage payments for a $180,000 to $200,000 unit would be comparable to rent of $1,100 to $1,200, the developers have said.

The next step for the development team, which includes Grand Rapids-based Robert Grooters Development Co. and several local investors, will be to take over the city's South Grand Avenue parking ramp.

The structure is adjacent to the tower site and would provide residents parking. The City Council in December agreed to sell the ramp for $1.5 million.

First, however, the council must substitute other property for the ramp as collateral for the city's Tax Increment Finance Authority, which took on debt for the Lansing Center and other downtown public projects.

City officials are recommending the Townsend Street ramp be used, according to a memo from Bob Johnson, director of the Department of Planning and Neighborhood Development.

It would replace the South Grand ramp and four other city properties as collateral.

Council is expected to take up that recommendation Monday.

Contact Jeremy W. Steele at 377-1015 or


BTW, I'm turning this into a general Lansing development thread even though I post so little concerning this city, anymore.
Where the trees are the right height
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