Developer plans $5M renovation of historic building
A developer is planning to renovate a historic building in downtown Kalamazoo he just purchased.
PNC bank building
Tom Huff, owner of Peregrine Realty in Kalamazoo, said he bought the former PNC bank building in Kalamazoo, at 108 E. Michigan Ave., last month.
Huff said he plans to transform the 46,000-square-foot building into an approximately $5-million mixed-use development.
PNC moved out of the space two years ago, located across the street and had been attempting to sell the building, Huff said.
The purchase price was not disclosed.
“It’s been a bank building for over 100 years, with First National Bank in 1863,” he said.
Huff’s plan is to renovate the building, placing either office and/or restaurant space on the first floor, along with indoor parking.
He said he plans to add 14-16 apartments, ranging from 1,500-2,000 square feet, to the rest of the four-story building, which is a combination of three separate buildings.
The timeline for this process isn’t set, as much of the plan is still up in the air.
The current plan is to start renovations in the first quarter of 2015 and finish building by early 2017.
AB2 Architecture in Portage is working on the design.
“We’re no different from Grand Rapids,” Huff said. “There’s a demand for residential living downtown.
“I’ve done a number of these, so it will be similar to what I’ve done before. This one is a distinctive landmark in Kalamazoo. It’s an old, beautiful masonry-constructed building that goes back to the turn of the century.”