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Water Street Lofts

Sector: Road • Location: Bay City, Michigan, United States

Source: MLive

Project
Planned

Water Street Lofts is a housing development project consisting of 89 new apartment units on three vacant and contaminated parcels in downtown Bay City. The project includes the construction of an 86,368-square-foot, three-story apartment building with commercial space on the ground level and 88 affordable residential units priced at 120% of the area median income. The project aims to clean up cont

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The project “Water Street Lofts” is an infrastructure initiative in the Road sector, located in Bay City, Michigan, United States. Taiyo aggregates data on it from MLive.

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planned

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Description

Description

Water Street Lofts is a housing development project consisting of 89 new apartment units on three vacant and contaminated parcels in downtown Bay City. The project includes the construction of an 86,368-square-foot, three-story apartment building with commercial space on the ground level and 88 affordable residential units priced at 120% of the area median income. The project aims to clean up contaminated soil and groundwater with the help of a $400,000 Brownfield Redevelopment Grant from EGLE and is supported by a $500,000 loan from Bay City's Local Brownfield Revolving Fund and a request for approximately $1 million in Tax Increment Financing from the Michigan State Housing Development Authority. Construction is expected to be completed by 2027.

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Source

Source reliability

High

Data quality score

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Source

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URL

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