Despite tough economy, Muskegon's downtown high-rise condos still a "go"

The Muskegon Chronicle writes that despite the housing market crash and other horror stories brought about by the tough economic times, the renovation of a former bank in downtown Muskegon into high-rise condominiums is still planned.

According to excerpts from the story:

Nearly everything changed in the commercial development world with the economic meltdown in September 2008. But plans for a high-rise condominium in downtown Muskegon survived. Parkland Properties of Michigan's plans for the reclamation of the historic Comerica Bank tower at 285 W. Western have changed since the $10.5 million residential project was unveiled in mid-2008.

But Parkland President Jon Rooks' resolve to complete the 48-unit bank tower project hasn't faltered. If sales and financing fall into place as Rooks suspects with the ongoing economic recovery, construction of High Point Flats could begin next spring and the building could be occupied by 2012.

Read the complete story here.