View of the Red Cedar project looking west at the north elevation along Michigan Avenue in the Lansing, Michigan area. Credit: Continental/Ferguson Lansing LLC.

Continental / Ferguson Lansing has received approval of the brownfield / TIF revised plan from the Michigan Strategic Fund (MSF) for the $256m Red Cedar Development in Michigan, the US.

MSF voted to approve the plan with the Michigan Economic Development Corporation’s (MEDC) staff recommendation.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Following the approval, the company will now proceed with bonding and complete the construction of the mixed-use development.

The Red Cedar project will feature new multi-generational housing, restaurants, retail amenities and two hotels, as well as the Michigan Avenue corridor that connects Lansing with the region.

Continental noted that the approval from MSF was the final permit needed for the state’s section of the brownfield / TIF.

Last year, the local section of the plan was cleared by the Lansing Brownfield Redevelopment Authority (LBRA).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lansing Mayor Andy Schor said: “With today’s approval from the Michigan Strategic Fund Board, I am thrilled that the Red Cedar Project has now attained all necessary state and local approvals to move forward.

“This is positive news, especially with the unforeseen economic hardship that we’re experiencing as a result of the Covid-19 pandemic. This continued investment will help drive Lansing forward and is a good sign to others looking to invest in the city.”

Initially, the infrastructure will be completed. Construction for the market-rate apartments and senior living centre is expected to start this year.

Next year, student housing will be ready, while construction for the dual-brand hotels, Hyatt House and AC Hotel by Marriott, is set to begin next year.

MEDC Community Development senior vice-president Michele Wildman said: “The Red Cedar development will activate a long-vacant property into a vibrant, attractive mixed-use development that will bring density and vibrancy to a high-impact commercial corridor in Lansing.”