LANSING — At 8 a.m. Friday, demolition of the former Story Oldsmobile dealership on Michigan Avenue in Lansing began, the next step in the $77 million SkyVue on Michigan project.
The project is being built by Rise Real Estate of Atlanta, Ga. The project will contain a 667,000-square-foot nine-story mixed-use building featuring retail, parking, and 359 residential units. The north end of the development is adjacent to the Frandor Shopping Center.
Other partners in the project include the city of Lansing, the Lansing Brownfield Redevelopment Authority, the Lansing Economic Area Partnership, the Michigan Economic Development Corp. and the Michigan Department of Environmental Quality.
In a statement, Lansing mayor Virg Bernero called Sky Vue “a welcome addition to this key corridor by complementing the exciting Red Cedar Renaissance and Midtown projects, while eliminating a blighted property on the Michigan Avenue corridor. This development will help redefine the corridor as a bustling, central hub of activity – a truly global village – for professionals, students, visitors and residents of metro Lansing.”
Added Bob Trezise, president and CEO of LEAP: “SkyVue on Michigan and the Red Cedar Renaissance, which together represent private investment in excess of $350 million, will further drive the reinvention of the Michigan Avenue Corridor, creating a global market leader, keyed around the riverfront, the park, and Frandor, all connecting the university and the capitol in a Madison or Columbus-like way.”
The development is scheduled to be completed by the summer of 2017. More at www.purelansing.com.