Only one developer put forth a proposal in response to Kalamazoo's RFQ issued last fall for its former fire station at 116 W Cedar St. (see
Post #128 for more). The developer, Portage-based Hollander Development Corporation, submitted a preliminary concept to the city that involves demolishing the current structure and constructing a 6-story mixed use building with ground floor retail, second floor commercial office space (possible fitness or rehab function), and 40 - 50 affordable housing units on floors 3 through 6. There would be a partially-covered parking area, and a rooftop deck for residents. The concept currently has a $10.5 million estimate.
Private development of this area has long been sought by the city, which wants to create a stronger gateway to the Kalamazoo Mall from Southtown and the Vine Neighborhoods, and which also wants to see these lots returned to the tax payroll. This is all quite preliminary, and the developer has until the end of April to determine if it actually wants to make a serious offer on the property (two lots in total). They have partnered up with Byce & Associates for at least the conceptual work. If it goes forward, tax credits would be sought through the Michigan State Housing Development Authority and HUD.
Quote:
Developer proposes razing downtown fire station for $10.5M project
Malachi Barrett | MLive
March 26, 2018
KALAMAZOO, MI -- A Portage developer is planning to demolish a 60-year-old public safety training facility for office space and affordable housing. Hollander Development Corporation was the only respondent when the city of Kalamazoo opened a process to screen developers interested in rehabilitating Fire Station No. 1 at 116 W. Cedar St. and Lot 19 at 440 S. Burdick St. According to a letter of understanding signed by both parties, Hollander has the exclusive right to consider buying the properties until April 30...
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Source:
MLive | Courtesy Hollander Development Corp. / Byce & Associates Inc.