New Housing Developments in Ferndale, Southfield, and Muskegon Receiving State Support

New Housing Developments in Ferndale, Southfield, and Muskegon Receiving State Assist

(State of Michigan, April 24, 2025)

Ferndale, Southfield, Muskegon, MI – Governor Gretchen Whitmer introduced Michigan Strategic Fund (MSF) Board help for placemaking tasks that may add vital housing, business area and vibrancy to Muskegon, Southfield and Ferndale. The tasks construct on the state’s ‘Make It in Michigan’ financial improvement technique by way of growing engaging, thriving communities the place folks need to reside and companies need to develop.

“At this time’s tasks will construct 1,220 houses throughout Muskegon, Southfield, and Ferndale and make these cities even higher locations to reside, work, make investments, or go to,” stated Governor Whitmer. “With help from the MSF Board, we’re turning empty areas into vibrant locations, including new housing, business area, and parks. These tasks will assist us proceed our mission to assist anybody ‘make it’ in Michigan. Let’s hold working collectively to make cities and cities throughout Michigan nice locations to reside.”

“To construct a Michigan the place everybody can ‘Make It,’ we should spend money on the locations that individuals name dwelling,” stated Lt. Gov. Garlin Gilchrist II. “This help for group revitalization tasks helps rework neighborhoods, strengthen native economies, and create extra vibrant, welcoming areas for Michiganders. Let’s hold standing tall for group improvement so each particular person can construct a fantastic life proper right here in Michigan.”

“Creating engaging locations and revitalizing communities are a key pillar within the state’s ‘Make It in Michigan’ financial improvement technique of supporting Individuals, Locations, and Tasks,” stated Quentin L. Messer, Jr., CEO of the Michigan Financial Growth Company and Chair of the MSF Board. “At this time’s permitted tasks proceed to ship on this technique for fellow Michiganders. I’m grateful to Governor Whitmer, our bipartisan companions within the state legislature, and the volunteer MSF Board for his or her ongoing help of the vital financial improvement placemaking instruments wanted to make these tasks a actuality. Work stays, nevertheless, however the approvals of those tasks are extra steps ahead in making certain all Michiganders reside in vibrant communities because the state addresses rising office housing demand.”

Transformational Brownfield Plan to transform vacant industrial area into energetic mixed-use district in Metropolis of Muskegon, including 571 residential models

Overview: The MSF Board permitted a Transformational Brownfield Plan (TBP) incentive package deal to help a redevelopment mission at a former furnishings manufacturing website within the Metropolis of Muskegon, including vital housing, business area and a parking storage to the realm whereas serving as a catalyst for future funding.

The $159,598,389 TBP package deal requested by the Metropolis of Muskegon Brownfield Redevelopment Authority and developer Parkland Properties of Michigan will help redevelopment throughout seven buildings, creating an estimated 571 residential models and 74,549 sq. toes of economic area, together with the parking storage. When full, the mission is anticipated to create 200 full-time jobs and produce an estimated complete capital funding of $221,335,800.

Jon Rooks, president and founding father of Parkland Properties of Michigan, based the Parkland household of corporations in 1988; as we speak, the corporate is without doubt one of the largest actual property improvement corporations in West Michigan with over two million sq. toes of constructing area presently developed or beneath improvement.

Why It Issues: The mission website is prominently positioned on the south facet of the town and is the principle redevelopment precedence for Muskegon. The mission will end in a energetic mixed-use improvement and can embrace much-needed housing models. When accomplished, the mission may have a transformational impression on native financial improvement and group revitalization. As improvement continues to happen, it’s anticipated that the town and area will expertise each inhabitants development and long-term prosperity. It’s anticipated that the profitable development of the mission may have a transformational impression on the realm, creating broader residential, enterprise, entrepreneurial and retail makes use of within the space surrounding the mission. As the town actively works to turn out to be a vibrant lakeshore group, this mission performs a key position in realizing that imaginative and prescient, constructing on the Metropolis of Muskegon’s certification as a Redevelopment Ready Community in 2016.

“On behalf of Parkland Properties of Michigan and the larger Muskegon group, we lengthen our honest appreciation to the Michigan Financial Growth Company, the Michigan Strategic Fund and the Metropolis of Muskegon for his or her unrelenting help of the transformational Shaw Walker mission,” stated Jon Rooks, president/founding father of Parkland Properties of Michigan. “Starting in 1899, the Shaw Walker Furnishings Firm grew from an concept into the most important producer of furnishings and submitting tools on this planet. For over a century, these manufacturing unit buildings have stood tall on the shores of Muskegon Lake embodying an period of imaginative and prescient and ambition. Whereas the manufacturing unit operations are now not, these buildings have a possibility to proceed to help the wants of their group by offering over 500 housing models and area for supporting companies. A mission of this dimension and nature is sophisticated; we recognize the public-private-partnership that may allow these buildings to proceed to face tall for future generations.”

“The Metropolis of Muskegon is grateful to the Michigan Strategic Fund Board for his or her consideration and approval of the Shaw Walker Mission Transformational Brownfield,” stated Jake Eckholm, director of Growth Companies with the Metropolis of Muskegon. “This facility has lengthy been our group’s largest and most seen eyesore, and Parkland has stepped as much as flip it right into a once-in-a-generation asset. Given our extreme housing scarcity, the robust residential demand in our conventional downtown, and the need our residents should beautify their neighborhoods, it will be exhausting to think about a extra useful mission. The work carried out by Parkland, Metropolis workers and the staff at MEDC on this endeavor really exemplifies a mutually useful public personal partnership that may ship nice outcomes for the residents we serve.”

Transformational Brownfield Plan so as to add 577 housing models, business area, group facilities to Metropolis of Southfield

Overview: The MSF Board permitted a Transformational Brownfield Plan (TBP) incentive package deal to help a multi-building redevelopment mission that may reinvigorate blighted, vacant land within the middle core of the Metropolis of Southfield by way of added housing, business area and group facilities.

The $131,822,436 TBP package deal requested by the Metropolis of Southfield Brownfield Redevelopment Authority and developer Middlepointe Funding Group LLC contains development of a walkable, high-density mixed-use improvement together with three multi-story, mixed-use buildings, a single-story retail construction and one multi-story parking deck with ground-floor retail.

In complete, the mission is deliberate to incorporate 577 residential models, floor and structured parking areas and 42,665 sq. toes of retail and business area. The mission additionally contains two pocket parks and a pedestrian greenway connecting Southfield’s central park with improvement to the west. It’s anticipated the general mission will create 100 full-time jobs and produce a complete capital funding of $209,552,970.

The event staff is led by Hassan Jawad, a seasoned actual property investor and developer with a longstanding monitor report of delivering transformative tasks throughout Michigan. Underneath his management, the Middlepointe Growth Crew brings deep collective experience throughout actual property acquisition, finance, development, and asset administration. The staff has efficiently developed and managed a whole lot of residential models and vital business sq. footage, together with workplace, retail, and mixed-use developments all through Southeast Michigan.

Why It Issues: This transformational mission will usher in a brand new period for the Metropolis of Southfield by attracting expertise and companies to the area, whereas linking present belongings and employment facilities to assist them develop by way of place-based funding. When full, the mission will present housing, business areas, group inexperienced area and different facilities that may assist to catalyze extra improvement and funding within the metropolis whereas making a transformational impression on native financial improvement and group revitalization.

“We’re grateful to the Michigan Strategic Fund and the Michigan Financial Growth Company for his or her help of the Middlepointe Growth,” stated Hassan Jawad, president of Middlepointe Funding Group. “This mission represents a serious funding in Southfield and the broader Southeast Michigan region4one that may create jobs, entice new companies, and assist meet the rising demand for high-quality, reasonably priced housing. Middlepointe is about greater than buildings – it’s about constructing alternative, strengthening the Southfield Metropolis Centre, and contributing to a extra inclusive and economically vibrant group.”

“That is greater than a redevelopment—it’s a rebirth,” stated Southfield Mayor Dr. Ken Siver. “The Middlepointe mission will carry much-needed residential density, financial exercise, and walkability to our Metropolis Centre. It’s a transformative funding in our future and a shining instance of how public-private partnerships can reshape communities in profound and productive methods.”

“Revitalizing this long-vacant property within the coronary heart of Southfield will contribute to a vibrant, thriving metropolis middle,” stated state Senator Jeremy Moss (D-Southfield). “I’ve supported this mission for years, and I’m excited to see it make actual progress, with the promising potential to carry jobs, housing, public parks, and strolling paths — all the things a group must be welcoming. Thanks to the MSF Board, the Metropolis of Southfield, and the builders for serving to transfer our metropolis ahead.”

“I’ve supported this mission since my time on Southfield Metropolis Council in 2019, and it’s extremely rewarding to see it transferring ahead,” stated State Consultant Jason Hoskins (D-Southfield). “This transformational redevelopment will breathe new life into the center of Southfield — turning long-vacant land right into a vibrant, walkable group hub. With new housing, business areas, inexperienced facilities, and jobs, this mission represents greater than bricks and mortar — it’s an funding in Southfield’s future and a catalyst for inclusive development, expertise attraction, and long-term revitalization.”

Redevelopment to transform blighted parking zone into mixed-use mission, including vital housing to Metropolis of Ferndale

Overview: A blighted floor parking zone within the Metropolis of Ferndale will likely be transformed right into a multi-family, four-story, mixed-use property with 72 residential models and business area, including housing and residential density to the group.

The residential part of the Vester Flats project, located at 141 Vester Street, will likely be comprised of a mixture of 45 studio models, 21 one-bedroom models, and 6 two-bedroom models. As well as, the primary ground contains roughly 1,585 sq. toes of economic area. A complete of 54 parking areas are offered, built-in beneath and positioned behind the constructing.

The MSF board permitted a Michigan Neighborhood Revitalization Program direct mortgage of $3,950,000 to help the mission, which may have a complete anticipated capital funding of $22,252,990. The Metropolis of Ferndale has additionally supported the mission with a Workforce PILOT valued at roughly $4.4 million over 15 years.

Why It Issues: Along with creating mixed-income housing for the Metropolis of Ferndale, the redevelopment mission will embrace public enhancements for a extra pedestrian-oriented streetscape alongside Vester Avenue and the adjoining alleyway. The mission will even add public artwork and upgrades to the water and sewer service, offering cultural curiosity and infrastructure enhancements to the realm.

Led by Matthew Walters, the event staff is comprised of a bunch of builders who’ve labored in each the private and non-private sectors, with over $1 billion value of mixed-use improvement, historic renovations and ground-up improvement in Detroit, Metro Detroit, Ann Arbor and Grand Rapids.

“Walters Group is proud and excited to be part of the colourful Ferndale group,” stated Walters Group CEO Matt Walters. “The Vester Flats combined use mission will present new workforce housing that’s a lot wanted all through the State of Michigan. This mission is a testomony of the general public personal partnership between the Michigan Financial Growth Company, the Oakland County Housing Belief Fund and the Metropolis of Ferndale.”

“The Metropolis of Ferndale is worked up to help this mixed-use, transit oriented, workforce housing mission inside our downtown hall,” stated Metropolis of Ferndale Neighborhood and Financial Growth Director Roger Caruso. “This can make an actual impression on individuals who need to reside, work, and play in our metropolis.  It may well’t go unmentioned that this mission wouldn’t have come to fruition if it weren’t for the monetary participation from Oakland County and the State of Michigan, notably the Michigan Financial Growth Company.”

MSF Board approves extra tasks that construct on state’s innovation and data financial system

Along with the permitted placemaking tasks, the MSF Board voted in help of the next tasks:

• A brand new well being facility from Grand Rapids-based BAMF Health, a frontrunner in diagnosing and treating illnesses corresponding to most cancers and Alzheimer’s since 2018. The mission is predicted to create as much as 90 new jobs and generate not less than $93,756,533 in complete capital funding for Wayne County with help from a $1.5 million Michigan Enterprise Growth Program performance-based grant and approval of a 15-year 100% SESA Exemption with an estimated worth of as much as $982,000 for its $45,000,000 eligible funding in Eligible Private Property. Learn extra concerning the mission right here.

• Following MSF Board approval in March 2025 for the switch of possession of Lansing’s battery plant to LG Power Resolution and Lansing Metropolis Council approval in April, the Board permitted a reassignment and modification to the Renewable Power Renaissance Zone. This motion will additional make sure the mission stays on monitor and high-tech, high-paying jobs and battery manufacturing stay in Michigan.