Leaders from LINC Community Revitalization Inc.
are gearing up for tomorrow's 10 a.m. ribbon cutting for phase two of the $13 million Southtown Square development at 413 Hall Street SE.
The new four-story complex will house 24 market-rate apartments with 6,000 square feet of commercial space. Serenity Boutique, the Grand Rapids African American Health Institute, and the Career Testing Center have already confirmed three out of four commercial spaces.
"What makes this building so special for the district is the fact that it's a combination of commercial and residential and both those things are a positive for the neighborhood," says Jeremy DeRoo, co-executive director of LINC Community Revitalization Inc.
In the past few years, DeRoo says, over 100 new jobs have been created in the Madison Square neighborhood as a result of redevelopment efforts. The ribbon cutting marks the final step of the Madison Square neighborhood redevelopment project for the nonprofit housing developers LINC Community Revitalization Inc., who earlier in the project added 20 new town homes to replace sub-standard housing in the neighborhood.
"People are excited," DeRoo says. "They've been watching the building going up and I've had a lot of great comments from people as the finishing touches are put on the building…Residents and neighbors have been really excited to see the old building that used to be there come down and get replaced by such a nice building; it's been very well received."
With 250 applications already in hand, the one-, two-, and three-bedroom units will be allocated with a lottery system and rented through Section 8 subsidized housing vouchers.
"I think it has the ability to change the neighborhood in a very positive way," DeRoo says. "It's a beautiful building and the neighborhood has just had a lot of investment over the past few years and I think that capstone that will help change the way the neighborhood looks."
Written by Anya Zentmeyer, Development News Editor
Images courtesy of Seyferth PR