Florida developer plans $52 million apartment complex at Dunckel and Collins

Lansing State Journal

An old hotel, photographed on Monday, July 16, 2018, is seen at the site where a new four-apartment complex that Waypoint Residential is planning build on Dunckel Road near Collins Road in Lansing.

LANSING — A four-building, $52 million apartment complex at the site of a former hotel near the intersection of Dunckel and Collins roads could start construction later this year.

The complex is designed meet the housing needs of new medical professionals who will come to Lansing for jobs at McLaren Greater Lansing's new hospital. The hospital announced in December plans to consolidate operations at its two south Lansing facilities into one $450 million facility near Michigan State University.

“This will be one of the first few incidental positives that comes out of the McLaren announcement," Lansing Mayor Andy Schor said.

The proposed housing development will have four buildings holding 286 market-rate units. The project will include garage parking, an outdoor pool, courtyards, grilling stations, an enclosed outdoor dog park, a clubhouse and a leasing center.

The project is eligible for $6.7 million in brownfield reimbursement over 20 years.

The Lansing Economic Area Partnership Inc. said in a statement that the reimbursement would be paid from the $13.7 million increase in new property taxes the developer would pay on the improved property during the same time period. The remaining $6.3 million in new property taxes will go to Lansing, Ingham County and other taxing entities.

An old hotel, photographed on Monday, July 16, 2018, is seen at the site where a new four-building apartment complex is planned by Waypoint Residential. The site is at Dunkel Road near Collins Road in Lansing.

The Lansing Brownfield Redevelopment Authority approved a brownfield plan for the project last week. The City Council should vote on the brownfield plan in September.

The developer has also pledged $500,000 for public gateway improvements at the intersection of Dunckel and Collins Roads. What those improvements will look like hasn't been decided, Schor said, but they will help better welcome people to Lansing.

"This is an entrance to the city," he said. "It’s an area we went to showcase as a positive for Lansing.”

If approved, the project will start this fall and wrap by mid 2020.

Contact reporter Haley Hansen at (517) 267-1344 or hhansen@lsj.com. Follow her on Twitter @halehansen.