(To read more on the multifamily market, click here.)
(Natalie Keith is a contributing writer to GlobeSt.com.)
LANSING, MI-A former wheel manufacturing plant is being transformed into a 120-unit, 170,000-sf loft apartment complex. The $12.8-million development, located at 707 Prudden St., is the city's largest Downtown residential development in more than 40 years. It is expected to be completed this summer.
Locally based developer Harry Hepler, owner and president of H Inc., tells GlobeSt.com that he bought the former factory in 1998. It was built in 1916 but had sat vacant for 30 years prior to redevelopment efforts.
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