Published on June 27, 2018

Kalamazoo, Mich.400 Rose, LLC plans to redevelop vacant land and a surface parking lot located at 400 S. Rose Street in downtown Kalamazoo. The completed project will be a four-story, mixed-use infill development that will include residential units, commercial space and parking. The project is expected to generate a total capital investment of $25.5 million and create seven full-time equivalent jobs, resulting in a $4.4 million Michigan Community Revitalization Program performance-based loan participation. The project will bring much-needed residential space to the area and will reactivate a long-vacant, blighted property into an inviting and attractive community asset.

In addition, the City of Kalamazoo Brownfield Redevelopment Authority received MSF approval of $3,632,517 in local and school tax capture to alleviate brownfield conditions at the site.

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