![]() Contact reporter Tess Ware at Follow her on Twitter, article originally appeared on The Petoskey News-Review: Historic Lake Street building in Petoskey receives $1.Petoskey, Michigan has a certain something that will make you want to stick around for a while. I think by having residential units in more of these buildings, we have just more economic activity downtown, which provides sustainable growth for the town and that's something we are really, really supportive of.”Ī date for the groundbreaking has not been set, but Berg said they hope to have the project completed by late 2024. They love being within a stone's throw of all the action in Petoskey. “People that live in our units love just being able to walk to Chandler's and have a glass of wine or go get some wings at Duffy's. I think the more people we have living downtown, the more people you have interacting with the local businesses, the local restaurants,” Berg said. “It's important to rehabilitate historic buildings because it's so vital to keeping the downtown vibrant and active. Berg said Howard is in discussion with a Michigan family business with other locations around the state about filling one of the retail spaces, but could not give the name of the business. has been temporarily rented to Lavender Hill Farm during their own construction project, but will be unoccupied by mid-March. Berg said they are in discussions with the store about how to help them through the transition and it will be up to the store owners whether they stay in the space or not. Lake St.’s first floor is Lake Life, a gift store and souvenir shop. Subscribe: Check out our offers and read the local news that matters to youĬurrently in 316 E. The Petoskey Downtown Management Board gave the company a $10,000 grant for the building’s facade to match the rest of the district’s historic appeal. ![]() We are absolutely focused on making sure that these units are available to workers in the area.” ![]() “In fact, because of our involvement with MEDC and another grant that we received from the City of Petoskey, we are absolutely making sure that these are going towards traveling nurses or employees of local businesses, whether they're downtown or on the outskirts of town for the major employers. “We are very cognizant of (the housing crisis),” Berg said. More: Two new workforce homes break ground in downtown Petoskey More: Property owners seek approval for program to upgrade downtown buildings The apartments will be a mix of one bedroom, one bath and two bedroom, two bath units.īerg said the leases will likely be 12 months and that they will make sure the units are rented to Petoskey’s workforce. The East Lake Street property will be three stories with retail space on the first floor and residential units on the second and third floors. Similar projects were completed at 308, 310 and 312 Howard St. where the development company built eight apartment units. Howard has redeveloped buildings in downtown Petoskey before, often building apartments for the city’s workforce. It's something we've done in Petoskey before, a number of times and it's something we want to do with this property,” Berg said. “(This project) is something we've been looking at changing for a while because we’d really like to deliver residential units. While there have been renovations since its original construction and after the fire, Howard co-owner Katherine Berg said the upper levels of the building are currently unusable. The building was constructed in the 1880s and at one point suffered fire damage. will be redeveloped after Howard Property Partners received a $1.45 million grant from the Michigan Economic Development Corporation through its Michigan Community Revitalization Program. ![]() PETOSKEY - As part of the continued effort to revitalize buildings in Petoskey’s historic Gaslight District, 316 and 318 E. Howard Property Partners received a $1.45 million grant through the Michigan Economic Development Corporation's Michigan Community Revitalization Program to rehabilitate 316 and 318 E.
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