KALAMAZOO, MI — An historic constructing in downmetropolis Kalamazoo will quickly bear renovations to make method for 11 flats above The metropolis’s oldest restaurant.
The renovations are being led by 266 Michigan Ave. Kalamazoo LLC, which boasts the East Michigan tackle of the property being renovated in its identify, Based mostly on a information launch from the Michigan Financial Enchancment Company.
The property is house to Kalamazoo’s household-owned Coney Island, which has been in enterprise on website since 1915. When renovations are accomplished, the property May even be house to 11 residential models on the greater floorings. There May even be completely different upgrades to the constructing To incorporate an elevator and an enhanced façade On the rear of the property, The discharge states.
Associated: Family-owned Coney Island has been serving up canine in Kalamazoo since 1915
Renovation plans furtherly embrace space for a second restaurant on The primary flooring, The discharge states. That space was most recently occupied by Ouzos, a Greek restaurant that was owned by the Adams household which has owned and functiond the Coney Island since 1932. Michael Adams informed MLive in an interview earlier this yr thOn the restaurant space was purchased to the LLC with The Reprimaryder of the constructing.
The Coney Island will proceed To function on website.
“The Hall Block at 266 East Michigan is the final reprimarying huge historic constructing with three tales of vacant space Inside the Haymarket historic district,” said Kalamazoo Sustainable Enchancment Coordinator Jamie McCarthy in A press launch. “We significantly respect this funding by the developer and the Michigan Strategic Fund Which might contribute To creating downmetropolis An unimaginable place to stay, work, and go to.”
McCarthy said the renovation is a collaboration between the Brownfield Redevelopment Authority, Kalamazoo Downmetropolis Partnership and Downmetropolis Financial Progress Authority.
The enterprise Is predicted to generate An complete capital funding of $3.5 million and create 5 jobs, Ensuing in a $420,000 Michigan Group Revitalization Program efficiency-based grant.
“The enterprise will rework an underutilized constructing Proper into a vibrant, engaging property, bringing a lot-needed housing shut to a quantity of primary employers. The enterprise May even be anticipated To draw further go toors to the downmetropolis space And efficiency a catalyst For further economic exercise,” The discharge states.
Inquiries relating to The Sort of flats Which will occupy the constructing have been made to each the MEDC As properly as to lawyer Steven Rypma, Who’s listed As a Outcome of the resident agent with 266 Michigan Ave. Kalamazoo LLC. Neither celebration responded Earlier to deadline.
The City of Kalamazoo Brownfield Redevelopment Authority has acquired MSF approval of a brownfield work plan Which will embrace $31,946 in state tax seize reimbursement for the remediation of brownfield circumstances On The state of affairs. The Downmetropolis Financial Progress Authority May even be approving 20-yr tax increment financing valued at $163,974, Based mostly on the MEDC.
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