$110M residential, commercial project on Muskegon Lake wins city approval
Concepts for a $110 million residential and commercial development on Muskegon Lake have been approved by the Muskegon City Commission.
Commissioners were told construction could begin this summer on the site, which may require environmental remediation as it is the former location of a sprawling Teledyne Continental Motors manufacturing complex.
The plans for the long-vacant “Harbor 31” property across Shoreline Drive from downtown include single-family and duplex residences that developer Dan Henrickson said would be the first to be developed.
The 31-home Virdian Shores neighborhood will be adjacent to the Terrace Point subdivision that is nearing completion.
Other features of the ambitious development are a marina, 130-unit apartment complex, boat storage and sales, 105-bed assisted living facility, 88-unit condo/apartment building with significant retail space, 48 townhouses, a hotel and office building.
“We know it’s taken a long time but we’re ready, we are eager and we have the players in place to get this to happen,” Henrickson told city commissioners earlier this month.
Commissioners approved an updated Planned Unit Development proposal for the long-undeveloped site where the property owners for years had been holding out for a casino to be developed by the Grand River Band of Ottawa Indians. However, the tribe never received federal recognition and so was unable to follow through with the casino.
“I want to say, ‘Thank you’ to the developer for not waiting on the casino any longer and moving forward with this,” Commissioner Ken Johnson said.
The site already is the location of a four-unit Vida Nova residential condominium building, Grand Valley State University’s “Innovation Hub,” and the offices for the law firm Parmenter O’Toole.
In addition to what Johnson called the “vibrancy” the project would add to the downtown area, it will provide needed relief to the city’s general fund that has been financing debt related to the site.
Originally designated as a “SmartZone” technology business park, the city in the early 2000s paid for infrastructure and the construction of the GVSU facility, originally an alternative energy research building, with the belief the costs would be repaid with property taxes generated from continued development.
Instead, the general fund has been tapped to help cover payments on $4 million in bonds, and will contribute an estimated $350,000 this fiscal year.
“It will be a great relief when that cost burden is off the city’s shoulders,” Johnson said, adding that the development could bring income taxes along with increased property taxes.
Site plans for each of the project’s components will need city approval prior to construction.
In addition to the Trilogy project, Henrickson said the development will begin with 105-bed Trilogy senior living facility, expected to break ground this summer, the Virdian Shores neighborhood. Documents how that will be comprised of 15 single family homes and 16 duplexes with direct access to the marina and a shared pool.
The homes will be contemporary in design with rooftop gardens and narrow lots, Henrickson said.
Next to be built would be the 134-unit Boardwalk Flats apartments, which also would have their own pool.
Also part of the project is the Harbor 31 Dry Dock in-out boat storage facility, the four-story Harbor 31 Commons — the project’s so-called “town center” — comprised of 88 apartments or condos and 44,000 square feet of retail, Viridian Place 48 multi-story townhouses, a hotel and 16,000 square-foot office building.
The commissioners’ approval requires two public access points to a boardwalk along Muskegon Lake and a public plaza planned for the lakefront.
Posted By: mlive on January 22, 2021. For more information, please click here to read the source article.
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