May 20, 2020 Comments Off on $256M MXU in Lansing Gets the Green Light Views: 941 Chicago News, Midwest News

$256M MXU in Lansing Gets the Green Light

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With the Michigan Economic Development Corporation’s (MEDC) staff recommendation, the Michigan Strategic Fund (MSF) approved the revised plan for Red Cedar in Lansing, MI. The vote gives a green light to Continental/Ferguson Lansing, LLC to move forward with bonding and full construction of the $256-million mixed-use development.

Red Cedar will feature new multi-generational housing, restaurants, retail and two hotels along the Michigan Avenue corridor connecting Lansing with the region.

“The Red Cedar development will activate a long-vacant property into a vibrant, attractive mixed-use development that will bring density and vibrancy to a high-impact commercial corridor in Lansing,” said MEDC’s Michele Wildman.

The infrastructure will be completed first, with construction for the market-rate apartments and senior living center beginning in late summer. Student housing will be ready for the fall of 2021. Construction for the two dual-brand hotels—Hyatt House and AC Hotel by Marriott—is set to begin next year.

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