102 unit apartment project could get time extension
Tue, 19 Feb 2013 19:43:18 GMT —
The owners and potential developers of a 15-acre apartment community in Traverse City may be given more time to start and complete construction.
Tuesday night Traverse City Commissioners will discuss the fate of the proposed Club West Bay apartment development located on M-72 West.
The apartment project was originally given the go-ahead two years ago but the developer at the time was unable to come up with the money for construction and the property was handed back over to the Traverse City Bank.
The development would be built on 15 acres of land, about a half mile from the Morgan Farms Development. The plans include 102 apartment units, which would be rented-out to residents. The Traverse City Bank was able to find a new developer who has put money down and wants to move forward with the project.
So what the city is doing is saying okay, we will extend timeline for you to complete the project, to build usage, which is more intensive on the property. So hopefully this developer can proceed with project, weâ??re just thankful that thereâ??s more development occurring... ," said Traverse City Mayor Michael Estes.
The commission is expected to approve the one-year extension for the project. However the developer would have to start construction as soon as possible, in order to meet the zoning requirements.
7&4 News will be at the meeting and we'll bring you all the details on 7&4 News at 11:00pm.