LANSING, Mich. — The Michigan Strategic Fund (MSF) on Tuesday approved plans for a new development in downtown Muskegon.
“This grant money will further strengthen downtown Muskegon’s revitalization and comeback,” said state Sen. Jon Bumstead, R-Newaygo. “This is a terrific opportunity to bring some much-needed development, traffic and economic activity to the area. Groundbreaking on this project has already started and construction is underway.”
The MSF has approved an incentive to assist Sweetwater Development Partners, LLC in constructing a new six-story, mixed-use building in the heart of downtown Muskegon. The development will be in the former location of the Muskegon Mall. It will include first-floor retail space, second- and third-floor office space and residential apartments.
The project is expected to generate a total capital investment of $8.9 million and create approximately 61 new jobs. In addition, the city of Muskegon Brownfield Redevelopment Authority received approval of over $2.5 million for the remediation of industrial remnants left at the site.
“The Michigan Community Revitalization Program is designed to increase investments in areas that have historically been overlooked and this project does exactly that,” Bumstead said. “Improving downtown areas is a crucial part of bringing new life to a community. I applaud and thank everyone who had a hand in securing this funding, and I know residents will join me in welcoming this new development to our area.”
An interactive Projects Map is available on the Michigan Economic Development Corporation’s website for those who wish to see more information on the approved projects. The website is updated daily to reflect the most recent MEDC initiatives. It can be viewed by region, county or legislative district and filtered to your desired selections.