The paint isn't dry yet on a nine-townhouse project in Grand Rapids' Madison Square neighborhood, but one area nonprofit is ready to break ground on another seven apartments -- a $1 million continuation of an ongoing project to bring contemporary affordable housing to an area blighted by home foreclosures.
LINC Community Revitalization, Inc
., is wrapping up construction on Southtown Square, and will begin construction later this month on Prospect Place (1335 to 1407 Prospect Ave. SE), bringing to the city's housing market two four-bedroom A.D.A. accessible apartments, three three-bedroom apartments and two two-bedroom apartments.
Three of the units are set aside for persons making up to 50 percent of the Area Median Income (AMI) and the remaining four are for persons making between 51 percent and 120 percent of the AMI, says Alicia Dorr, LINC communications coordinator.
The project site is the former Madison Square Co-Op Apartments, which sat vacant since going into foreclosure. LINC purchased the property with the vision of creating fresh new housing options for a variety of income levels.
"The idea is to make this into a neighborhood where anybody would like to live, and to make sure housing is affordable to keep the people who live here," Dorr says. "We believe that places that are unsafe and crumbling deserve revitalization as much as any other area in the city. We are always looking for new ways to green the neighborhood, and have included landscaping plans to beautify the blocks that these units will be on."
The apartments will be LEED-certified, which will help reduce energy costs to residents, said Stephanie Gingerich, LINC real estate development director, in an August 20, 2012 interview.
The project is funded through a grant from theCity of Grand Rapids' Neighborhood Stabilization Program 3
Construction manager: Orion II Construction
Architect: Isaac V. Norris & Associates, P.C.
Source: Alicia Dorr and Stephanie Gingerich, LINC Community Revitalization, Inc.
Writer: Deborah Johnson Wood, Development News Editor
Nine new LEED townhouses nearly ready in Southtown Grand Rapids, part of much larger project