Mar 4, 2021
LANSINGâ–Several projects aided by the Michigan Economic Development Corporation will strengthen communities in the Upper Peninsula, state lawmakers said.
The Michigan Strategic Fund recently approved revitalization projects in Iron Mountain, Houghton and Munising.
In Iron Mountain, Eden Property Collection LLC plans to convert an underutilized, outmoded second floor of a historic mixed-use building that once served as the town firehall into residential apartments in the downtown area.
When completed, the Sandstone Studios project will consist of one and two-bedroom market rate units and a rooftop terrace that will offer common outdoor space and sustainable green elements.
The project is expected to generate a total capital investment of more than $1 million and will supply much-needed housing, as well as bring something new to the area and increase economic activity in downtown.
tcastelaz@ironmountaindailynews.com THE IRON MOUNTAIN DOWNTOWN Development Authority awarded Eden Property Collection a $5,000 Facade Improvement Grant for work on the Franklin Square property at 333 S. Stephenson Ave. in downtown Iron Mountain. From left are DDA Program Director Amber Pipp, Eden Property Collection President Beau Anderson, Eden Property Collection Executive Administrator Claire Valeski and DDA Business Development committee member Betsy Sawicky. (Terri Castelaz/Daily News photo) EDEN PROPERTY COLLECTION used a $5,000 Facade Improvement Grant from the Iron Mountain Downtown Development Authority to improve the Franklin Square property at 333 S. Stephenson Ave., downtown Iron Mountain. The new look for the Ben Franklin building includes installation of black metal over its existing rock forehead, wood undertones and new lights. (Terri Castelaz/Daily News photo)