State awards $4.75M loan to Grand Haven residential development at ‘underutilized’ site
Updated Jan 26, 2021;
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GRAND HAVEN, MI – A plan to develop a long-vacant property in Grand Haven received a $4.75 million loan from the state of Michigan.
The Michigan Strategic Fund (MSF) approved a Michigan Community Revitalization Program loan to support the Peerless Flats residential development at the former site of Stanco Metal Products.
Four residential buildings with 124 market-rate units will be built on 4.66 acres at 105 Fulton Ave. by Lansing-based development group River Caddis, LLC. Peerless Flats will also include a community amenity building with an outdoor pool, fire pits, a fitness center and a conference room.