LANSING, Mich. — State Sen. Rick Outman, R-Six Lakes, on Thursday congratulated the city of Mt. Pleasant on receiving state funding to pursue a new project downtown along the Chippewa River.
“Mt. Pleasant has grown exponentially in recent years and I applaud the city on its most recent development,” Outman said. “This location has had a troubled past, and I am glad it is finally being developed into something that will benefit college students, residents and the community as a whole.”
On Tuesday, Michigan Community Capital (MCC) secured over $18 million in funding that allows the four-story, 50,000-square-foot “Broadway Lofts” project to begin. The tentative completion date is May 2021. When finished, the 1.34-acre site will be the new 10,000-square-foot location of GreenTree Cooperative Grocery and offer 48 mixed-income apartments on the upper floors.
The project received state support in the form of a low-interest loan from the Michigan Economic Development Corporation (MEDC) and is also seeking grant funding from the Michigan Department of Environment, Great Lakes, and Energy (EGLE).
“I join Mt. Pleasant community leaders and residents in congratulating GreenTree on this exciting new development,” Outman said. “This project will breathe new life into downtown and I commend city leaders and MEDC officials for working together, solidifying this funding and getting the project off the ground.”