This has been in the works for a few months, now, but they've formally revealed the plan. This would be the first new-constructon, multi-story residential building on Michigan Avenue
east of Sparrow Hospital in many years if completed, and finally opens this part of East Michigan Avenue to increased densities:
Quote:
Apartments planned for Citgo gas station site on Lansing's east side
By Melissa Domsic | Lansing State Journal
May 17, 2011
Scott Gillespie wants to turn an abandoned gas station on Lansing's east side into a three-story apartment building with commercial space on the first floor.
Gillespie, of Lansing-based developer Gillespie Co., is seeking final approvals from the city to go ahead with plans to demolish the former Citgo at 1621 E. Michigan Ave. and build a 14,380 square-foot mixed-use building.
The Ingham County Land Bank took ownership of the building after it went into tax foreclosure last year. Gillespie said he'll close on the sale once he receives site plan and other approvals from the city.
...
Gillespie's plan calls for a building with 13 apartments, including studios, one-bedroom and two-bedroom units. Monthly rent will range from $700 to $1,000.
Gillespie has a food service tenant interested in about half of the 2,900 square feet of commercial space on the first floor. He would not release the name until he has a signed lease.
Gillespie is the brother of developer Pat Gillespie, who built the Stadium District and has plans for other projects on the city's east side, where the brothers grew up.
"I feel such a connection to the east side," Scott Gillespie said. "I'm thrilled to add to the vibrancy of the east side and play a part in the growth."
...
Allen said the apartments likely will attract area undergraduate and graduate students, as well as workers from nearby employers such as Sparrow Health System.
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This is an important project, because up until this point, all residential development on the Avenue had been loft renovations above storefronts, and that demand has pretty much been saturated and filled. The pricepoints for these don't seem bad, either, and this further makes the case for the success of the BRT proposal whenever the city decides to start pushing that, again.