Mt. Pleasant, Michigan, 美国 美洲
Cover Image
案例研究摘要:

Broadway Lofts is a mixed-use development on a former brownfield site in the heart of Mt. Pleasant, Michigan, in the middle of the state’s lower peninsula. Mt. Pleasant is a rural city with a population of 21,688 full-time residents, as well as home to 14,000 students at Central Michigan University. Broadway Lofts was awarded the 2023 Jack Kemp Excellence in Affordable and Workforce Housing Awards by the ULI Terwilliger Center for Housing.

The new construction created 48 apartments targeted to Michigan’s workforce housing population. All of the apartments are affordable for households earning under 120 percent Area Median Income (AMI), with slightly more than half of these units priced for households earning under 80 percent AMI. In addition, the ground floor includes 13,000 square feet of retail space, with local GreenTree Cooperative Grocery as the anchor tenant. Broadway Lofts—the city’s largest development in 40 years—marks an important economic investment in the community with support from the state, private funders, and developer Michigan Community Capital (MCC). Citywide, 20 percent of the population are persons of color, and 35 percent are persons in poverty. The redevelopment is in a neighborhood where at least half of the household incomes are below 60 percent AMI.

For more examples of past Terwilliger Center for Housing award winners, see Caton Flats and Lucille & Bruce Terwilliger Place case studies.

案例研究摘要:Broadway Lofts is a mixed-use development on a former brownfield site in the heart of Mt. Pleasant, Michigan, in the middle of the state’s lower peninsula. Mt. Pleasant is a rural city with a population of 21,688 full-time residents, as well as home to 14,000 students at Central Michigan University. Broadway Lofts was awarded the 2023 Jack Kemp Excellence in Affordable and Workforce Housing Awards by the ULI Terwilliger Center for Housing.

The new construction created 48 apartments targeted to Michigan’s workforce housing population. All of the apartments are affordable for households earning under 120 percent Area Median Income (AMI), with slightly more than half of these units priced for households earning under 80 percent AMI. In addition, the ground floor includes 13,000 square feet of retail space, with local GreenTree Cooperative Grocery as the anchor tenant. Broadway Lofts—the city’s largest development in 40 years—marks an important economic investment in the community with support from the state, private funders, and developer Michigan Community Capital (MCC). Citywide, 20 percent of the population are persons of color, and 35 percent are persons in poverty. The redevelopment is in a neighborhood where at least half of the household incomes are below 60 percent AMI.

For more examples of past Terwilliger Center for Housing award winners, see Caton Flats and Lucille & Bruce Terwilliger Place case studies.

土地用途

  • 综合体建筑
项目概况
都会区: Mt. Pleasant-Alma
地点类型: 小镇/农村
场地大小: 1.33 英亩 / 0.54 公顷
项目类型: 混合住宅
有关的
网络研讨会

ULI Alberta Resiliency Series: Extreme Weather & Vulnerable Populations

Extreme weather disproportionately affects vulnerable populations, exposing gaps in urban planning, housing policy, and social services. Co-designing with community can address the challenges of protecting at-risk communities. Speakers from RWDI and ...
网络研讨会

ULI Toronto: Knock On: Real Estate, Development & the Canadian Economy

Join ULI Toronto for a dynamic economic pulse check exploring how the health of the real estate sector impacts Canada's broader economy. Discover the ripple effects of a delayed recovery and explore actionable opportunities to accelerate growth and s...
网络研讨会

Unlocking Capital in the Caribbean Webinar

The Unlocking Capital in the Caribbean Webinar, produced by The Caribbean Council of ULI Southeast Florida/Caribbean, offers expert insights into funding strategies, navigating the region's legal and tax landscape, and seizing opportunities in Caribb...
话题
设计与规划
金融投资