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Commission approves multiple brownfield amendments and a bond step for Beacon Hill redevelopment
Summary
The commission approved Brownfield plan activations for 443 Sheldon and Powers Place, including affordable unit set-asides, and approved a project plan resolution enabling bond issuance for the $190 million Beacon Hill retirement-community redevelopment.
Grand Rapids commissioners approved several redevelopment items on the agenda, including Brownfield plan activations and a procedural step to allow bond issuance for a large-scale retirement-community project.
Staff presented a Brownfield activation for 443 Sheldon (Wealthy and Division), describing a new all-electric, solar building with roughly 26 apartments and 13 parking spaces; staff noted six units are anticipated to be restricted at or below 60% of area median income (AMI). The commission acted on that item after staff…
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