The East Lansing City Council is scheduled to discuss two redevelopment projects that will change the face of downtown East Lansing.
Two mixed-use projects, both located near the Ann Street Plaza — the iconic center of downtown East Lansing — will commence this summer if all goes as planned, Mayor Vic Loomis said.
The council will discuss the details of the development agreement at their work session Tuesday at 7 p.m. at City Hall, 410 Abbot Road.
One of the projects, located on the Ann Street Plaza, is called St. Anne Lofts — a four-story building that will house 39 residents and include a restaurant with rooftop outdoor seating.
The current building on the site, home to The Post Bar, and several vacant spaces, will be demolished.
The other will be an eight-story building near the corner of Grove Street and Albert Avenue. The first floor is planned as retail space, and the upper seven will house 84 residents.
Councilmember Kevin Beard said he thinks the structures easily will be ready to house students for the 2012 academic year, and that the developers likely will begin accepting lease applicants this fall.
“At this point there really aren’t too many hurdles to clear,” Beard said.
Beard said the new developments hopefully will attract a wider range of tenants, including undergraduates, young professionals and recent graduates.
“Many folks are looking for a slightly different housing option that we don’t have a lot of,” Beard said.
Councilmember Roger Peters said he hopes to gain a better picture of the developers’ financing plan at Tuesday’s work session, as the council has not discussed it extensively.
“I know up to this point we’ve been looking more at land-use issues,” Peters said. “I hope we’re going to be able to put everything together and see how it looks.”
Reconstruction of the Ann Street Plaza will accompany the developments, Planning & Community Development Director Tim Dempsey said, as the new structures will require larger water and sewer systems.
Although the city money will fund the replacement partially, the developers will pay additional cost for the increased size.
Community Development Analyst Tim Schmitt said that the subsequent constructions to the street will help advance the city’s nonmotorized transportation plan, including wider sidewalks and new bicycle lanes.
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