New Lansing Area Projects Create Jobs and Boost the Economy
“We’ve gotten back to the long-term trend,” said Karl Dorshimer, director of business development for the Lansing Economic Area Partnership (LEAP). “There are lots of different types of projects, both residential and mixed use. Even manufacturers are expanding. It’s happening across all fronts.”
The large projects are really large; the MSU Facility for Rare Isotope Beams, a large addition to General Motor’s Delta plant and its new Lansing Grand River stamping plant and expansions of Jackson National’s headquarters are underway. The Red Cedar Renaissance — redevelopment of the city’s abandoned Michigan Avenue golf course and the SkyVue on Michigan, on the opposite side of the street, are in the planning stages.
But there are dozens of smaller retail, housing and industrial projects providing balance to the resurgent economy. Some require private and public investment; others proceed without government assistance. Banks and other lenders are again seeking opportunities, said Dorshimer.
“Lenders are still looking for good projects, but the type of projects that fit their model has gotten broader,” he said. “They are starting to look at projects that have a speculative component to them. Now lenders are trusting the economy.”
Lansing Township’s Director of Planning and Development, Steven Hayward, noted the interest by national companies in Lansing projects.
“We’ve been actively promoting the region pre-recession, during the recession and post recession. There is more interest now from developers. A few years ago we had to call them; now they are calling us,” Hayward said.
“So far what I see is almost the exact definition of sustainable. It’s retail, office, hospitality and industrial — a broad spectrum of growth.”
Many of the region’s largest projects and related developments costs are identified by LEAP, especially those involving government support. Information on other projects comes from municipal planning and building departments or from principals. The following list identifies some of the more significant projects and their estimated total costs, including public investment. These numbers are based on the most readily available information to the public.
Under ConstructionJackson National: $123.7 million headquarters expansion. New jobs: 1,200; public investment: $9.7 million.
MSU Facility for Rare Isotope Beams: $824 million publicly financed on-campus particle accelerator. New Jobs: 90.
General Motors: $562 million Delta Assembly Plant expansion. New jobs: 38; public investment: $4 million.
Niowave: $235 million medical isotope production facility near the Capital City International Airport. New jobs: 75; public investment: $32.4 million.
General Motors: $175 million Grand River Assembly stamping plant. New jobs: 65; public investment: $13 million.
MSU Federal Credit Union: $46 million, three-story, 188,000 square foot second headquarters building adjacent to Coolidge Road in East Lansing.
Sparrow Health System: $40.3 million estimated cost for construction of a new 132,000 square foot cancer treatment center on the site of the shuttered Bingham Elementary School in Lansing. Related is an $11.6 million (permit value) parking deck.
Gillespie Group: $26.5 million “The Outfield” residential apartments project at Cooley Law School Stadium. New jobs: 15; public investment: $12.5 million.
KIRCHHOFF Van-Rob: $24.8 million Watertown Twp. plant to supply auto parts and components to GM. New jobs: 175.
DTN Management Co.: $17 million 125-unit apartment complex, The Vista at the Heights, adjacent to the Eastwood Towne Center.
Ferguson Development: $14 million apartment/townhouse project on the Butler-Ottawa block in Lansing. New jobs: 7; public investment: $2 million.
Preyde One, LLC: $10 million Fairfield Inn and Suites, adjacent to the Eastwood Towne Center.
Whole Foods Market: $4.5 million (permit value) 42,000 square foot food store and offices in Meridian Twp. New jobs: 150.
Triton Industries, Inc.: $4.8 million boat manufacturing facility. New jobs: 44; public investment: $400,000.
Feldman Chevrolet of Lansing: $4.1 million redevelopment of dealership site on Michigan Avenue in Lansing. New jobs: 20; public investment: $600,000.
The Eyde Company: $1.7 million renovation of former Capitol City Books. Public investment: $151,654.
Gillespie Group: $1.6 million for the Lansing Brewing Company to be located at 518 E. Shiawassee St. New jobs: 40; public investment: $100,000.
ALDI/The Eyde Company: $950,000 (permit value) 25,000 square foot store on Marsh Road in Okemos. New jobs: 20. A 21-unit Eyde built apartment building on the same site.
Kaynick Properties LLC: $620,000 for the new United Electrical Contractors headquarters on North Larch Street in Old Town. New jobs: 32; public investment: $20,000.
Sparrow Health System: $14 million (estimate). New three story, 70,000 medical offices/drive-through pharmacy on the site of the demolished Lansing Medical Dental Building on East Grand River.
Sparrow Health System: $11.2 million (permit value), 4,000 square foot addition to the main building called Gathering Place.
Lansing Business Part LLC: $1 million-plus for former redevelopment Leaseway property on St. Joe Street and Rosemary Avenue.
McRae Hospitality Group: $1.6 million for a 7,500 square foot Boston’s family restaurant to the left of Capital Prime at Eastwood Towne Center.
In the planning stageContinental/Ferguson Development: $375 million Red Cedar Renaissance hotel/housing/office project on the site of the closed Lansing golf course. Public investment: $75 million.
RISE Development: $99.5 million SkyVue development along Michigan Avenue, opposite the proposed Red Cedar Renaissance. Public investment: $17.5 million.
The Lawton Group: $19 million Metro Place Apartments on the site of the long-closed downtown Lansing YMCA building. Public investment: $3 million.
Preyde One, LLC: $18 million 139 unit Hilton Homewood Suites next to Hyatt Place in Eastwood.
Sam Eyde Management: $7.3 million prep work at former John Deere site, 4000 N. Grand River. New jobs: 25; public investment: $275,000.
The Eyde Company: The Avenue, a mixed use project with 220 residential units and 15,000 square feet of commercial space west of Foods for Living in Meridian Twp.