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Planning commission tables Market Avenue affordable‑housing site plan, seeks more engagement and underwriting data
Summary
The Planning Commission postponed review of an optional plan for an 80‑unit affordable housing project at 427 & 449 Market Ave S on March 13, asking the developer to return after expanded neighborhood engagement and documentation from MSHDA or underwriting showing why the proposed riverside parking is needed.
The Grand Rapids Planning Commission on March 13 postponed consideration of an optional plan review for a proposed affordable housing development at 427 and 449 Market Ave S (near the Grand River), asking the applicant to return after expanded neighborhood engagement and additional information on financing/market assumptions tied to parking.
Phil Seibert (developer) and Jacob Horner of Dwelling Place presented a conceptual plan for a five‑story building with about 80 dwelling units intended as affordable housing. The city has an option agreement for the city‑owned parcel; the resolution adopted by the City Commission (Feb. 11) specifies minimum program requirements, including a minimum story count and affordability commitments: at least 80% of units affordable…
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