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Public hearing held on 640 Eastern Ave redevelopment; developers to pursue NEZ and Brownfield support
Summary
Commissioners held public hearings on a proposed four-story, 16,000-sq.-ft. mixed-use development at 640 Eastern Ave; staff described 12 one-bedroom apartments (two at 60% AMI, remainder at 70% AMI and below), total cost of roughly $4.7 million, a 10% inclusion plan ($340,000) for local W/MBE contractors, and a projected construction start this fall; hearings were closed and the matter was referred to the Committee of the Whole.
The Grand Rapids City Commission on Aug. 13 held combined public hearings on a redevelopment proposal for 640 Eastern Ave, where the city's economic development director described a plan for a four-story, 16,000-square-foot mixed-use building that would replace an existing two-story structure.
Economic Development Director Sarah Ranaro told commissioners the project would include about 5,600 square feet of commercial space and 12 one-bedroom apartments, with two units to be rented at 60% of area median income and the remainder at 70% AMI or below. "We've got total project…
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