SAGINAW, MI-Two revitalization projects have been launched Downtown and, together, they have a value more than $6.5 million.

In the first project, Fort Saginaw LLC will redevelop the former Ippel Building at the corner of Court Street and Michigan Avenue in a $5-million project. The new 48,000-sf mixed-use building will contain office and retail space, including an oyster bar, coffee shop and bakery. Saginaw County will use a $222,500 Community Development Block Grant to strengthen the basement walls of the building in preparation for redevelopment. The project is expected to create 50 new jobs.

Also Downtown, Denha Foodland Corp. plans to redevelop and expand its existing supermarket located at 1122 E. Genesee at a cost of about $1.6 million. To support the project, Saginaw County will use a $153,761 CDBG grant for demolition, street and curb improvements and site preparation for construction of a 30,000-sf building. The project is expected to result in 27 new jobs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.