Nonprofit builds 44 residential units
A neighborhood revitalization nonprofit is building 44 apartments and townhomes.
Southtown Square phase two
Today marks the beginning of Grand Rapids-based LINC Community Revitalization’s phase two of its $13-million Southtown Square development in Grand Rapids’ Madison Square neighborhood.
This phase of the nonprofit’s plan, in partnership with Ann Arbor-based LC Companies, is beginning with demolition at the “filthy site,” at 413 Hall St. SE, said Darel Ross II, LINC co-executive director.
“It’s been a big vacant eyesore for a while,” Ross said. “A beautiful housing complex is going in its place.”
Phase two will focus on the construction of the complex, a $10 million, four-story building at the property.
It will feature 23 energy-efficient apartments, which should be ready for tenants to move in next fall.
The building will also feature 13,000 square feet for commercial space: 7,000 square feet has already been completed in phase one, and 6,000 square feet is expected to be completed in phase two.
Phase two will also focus on the development of 21 townhomes to replace the aging Madison Square co-op townhouses on Umatilla and Gilbert streets. The townhomes should be completed next spring.
Phase two of the Southtown Square development is made possible through a combination of public and private funding, including $9 million from state Low-Income Housing Tax Credit funds and support from Mike Jacobson and his LC Companies.
Southtown Square has been a plan three years in the making, Ross said last November, and now its second phase is beginning to come to fruition.
LINC announced the details of phase two this fall, the same time it opened phase one.
LINC said phase one of the Southtown Square project, at 429 Umatilla St. SE, was completed last December and made possible through $3.2 million in Neighborhood Stabilization Program funds from the city of Grand Rapids.
The 16 townhomes constructed during phase one are affordable, energy efficient and were LEED certified in 2013.
“We’re very excited to bring a development to the community,” Ross said. “It’s been a long time coming. I really think it will change the physical look of the community. It’ll incubate local business.”