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It’s only been a couple of months since the new City Center Lofts apartments in downtown Benton Harbor became available, and they’re now already filled up. Cornerstone Alliance President Rob Cleveland tells WSJM News all 16 units are leased for the next year. He’s not surprised.
“There’s just a huge demand for new housing, new multi-family, market rate housing, in Benton Harbor, in St. Joe, in the townships, and all of our communities,” Cleveland said. “What you see here is just the start, and we had a great announcement yesterday with Whirlpool and the 80 units that they’re developing for workforce housing. There’s still a tremendous need, and we’re going to continue to actively recruit builders and developers to put up new units in our community.”
It's only been a couple of months since the new City Center Lofts apartments in downtown Benton Harbor became available, and they're now already filled up.
The city of St. Joseph will continue its economic development agreement with Cornerstone Alliance. The matter came up at Monday’s meeting of the St. Joseph City Commission as Cornerstone’s Rob Cleveland recapped some recent work the organization has done to attract investment.
“We always like to bring site consultants here,” Cleveland said. “As you’ve heard me say before, the Senior PGA is really our event to do that.”
Cleveland said site consultants are frequently in town. He pointed to Whirlpool’s project at the Tech Center as a major win for the community.
“To get them to commit to the St. Joe project is a big deal. At least $60 million of new investment.”
July 26, 2021
The St. Joseph City Commission is looking at a new way to attract development. During a Monday meeting, commissioners heard from Cornerstone Alliance and Lean and Green Michigan about the Property Assessed Clean Energy program, or PACE. Cornerstone’s Rob Cleveland said PACE financing allows a property owner to voluntarily enter into a special assessment agreement to pay for energy efficient improvements.
“A real world example right here in St. Joe would be somebody buying one of our buildings in downtown that needs $100,000 in a new storefront, which would be new windows and maybe an HVAC unit,” Cleveland said. “So they would get that $100,000 lended to them up front, and then we would come to the city and ask you to apply a special assessment just to that building that would then be repaid on a 10 year, 20 year, 25 year basis. No taxpayer dollars, nobody else is being taxed.”