Residents in Hancock, Manistique and Marshall can expect new housing and commercial spaces as three redevelopment projects move forward with support from the Michigan Economic Development Corporation’s Revitalization and Placemaking (RAP) program.
The projects are expected to create 15 apartments and several commercial spaces, according to a community announcement. The RAP program provides gap financing for place-based infrastructure development and real estate rehabilitation.
“Support for these projects in Hancock, Manistique and Marshall highlights Michigan as the best place to grow and thrive,” Gov. Gretchen Whitmer said in the announcement. “Our growing economy and ‘Make it in Michigan’ strategy that invests in people, revitalizes places and wins projects is paying off. Our population is growing, and we’ve been ranked as a top state for opportunity and doing business. Programs like RAP help us build on this progress, attract and retain talented workers, lower costs, build housing and enrich our communities. Let’s keep working together to get things done for our state.”
Marshall project to add eight apartments
In Marshall, two adjacent three-story properties will be redeveloped to create eight new residential apartments and three new commercial spaces, while also preserving one activated commercial space. The development supports the growing need for housing with the opening of the nearby BlueOval plant, while the commercial spaces will increase economic activity downtown…