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Commission holds hearing on Brownfield plan for 125 Ottawa office‑to‑residential conversion; developers propose 36 units and $4.6M in eligible Brownfield costs
Summary
Developers and city staff presented a Brownfield plan and related incentives to convert the north side of the Ledyard Building at 125 Ottawa into 36 apartments, with total project costs of about $11.4 million, 20% of units targeting 60% AMI, a 90% DDA TIF pass‑through and roughly $4.6 million in Brownfield‑eligible activities.
The Grand Rapids City Commission held a public hearing Oct. 21 on a Brownfield Redevelopment Authority plan for 125 Ottawa — part of a proposed conversion of the historic Ledyard Building that would turn office floors into residential units.
Sarah Reneiro, city staff, introduced the request and said the proposal would convert floors 2 through 4 at 125 Ottawa into 36 apartments and that the development team is seeking Brownfield reimbursement primarily for demolition and potential rent loss, with roughly $4.6 million listed as eligible activity costs. The city packet lists total project costs at about $11.4…
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