As a "next step" in the process to redevelop the Southeast and Southwest corners of Cherry Street and Eastern Avenue, developer Cherry Street Capital will present conceptual drawings of the projects to the East Hills Council of Neighbors on September 8th. These plans began to pick up steam after the non-profit Project Rehab decided to put the two properties on the market.
Back in June
, Rapid Growth spoke with Cherry Street Capital about the plans to rehabilitate and add onto the Project Rehab building at the Southeast corner into 17 condominiums, priced between $200 - $400,000. They also plan to renovate the yellow house at the Southwest corner of Cherry and Eastern for office and possible retail, and construct five new infill buildings that will contain 33 market rate apartments.
The projects will be presented to the Historic Preservation Commission in October, as the properties reside in both the Cherry Hill Historic District and Fairmount Square Historic District. If all goes as planned, construction is expected to begin in Spring 2015.
Cherry Street Capital is also working on a large mixed use project at the corner of Lexington and Seward on the West Side near GVSU's downtown campus.
Conceptual drawings by Integrated Architecture
Source: East Hills Council of Neighbors