Partners plan $24M apartment building
A pair of partners are planning to transform an urban brownfield site in the region into a $24-million mixed-use development.
Portage-based AVB and Portage-based Hinman are working together on 400 Rose in Kalamazoo, an apartment building on the corner of S. Rose Street and W. Lovell Street.
The developers now have approval from the Kalamazoo City Commission and Downtown Development Authority, and construction could begin as early as this fall.
The four-story building will be about 167,499 square feet and include a roof terrace.
The project will deliver 135 apartments, including 14 dedicated to “workforce housing.” Units will range between 480 and 1,136 square feet.
The ground floor will have 5,000 square feet of retail space facing the corner of Rose and Lovell.
About 185 parking spaces will be created for the project, including new on-street parking along Rose, Lovell and Cedar streets and one level of underground residential parking.
The developers also aim to achieve a LEED certification for home standards. A green roof, including a roof water-capture and watering system, will be incorporated into the project, and a 25-year “stormwater event” will be maintained on-site underground.