Michigan City to Host $380M Mixed-Use Development

Mar 28, 2016

The town of Lansing, Mich., will be seeing a mini-real estate boom soon thanks to an ambitious new mixed-use project combining residential, office and lodged developments.

According to an Associated Press report, the $380 million Red Cedar Renaissance development will include 129 town homes and Michigan State University student housing to accommodate 1,200 people, along with a pair of hotels, a new medical office building and restaurants.

Joel Ferguson, president of Ferguson Development, is aiming at a June 1 date to begin construction on the project, which could take up to two years to complete.

Ferguson added that the project will also include an outdoor concert pavilion along with ice rinks for Michigan’s wintertime sports enthusiasts and bike trails for those that prefer going outdoors in less chilly weather.

About the author

Phil Hall

Link copied

Published

Mar 28, 2016

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...