eighth & Boardman redevelopment
Redevelopment The proposed plans for Eighth and Boardman Redevelopment are to be constructed in two phases. The proposed first phase will include a 24,000 square-foot, three-story building with retail/commercial uses at street level and about 12 residential units. The proposed second phase will include a 36,000 square-foot, three-story building, with retail/commercial at street level and about 18 residential units. The proposed project includes two north-south pedestrian access nodes between Eighth Street and the Boardman River, a canoe/kayak launch, and an easement for extension of the City Riverwalk system.
The proposed plan is anticipated to include over $10 million of investment in a strategically located property that is the focal point at the center of the community’s effort to revitalize the Eighth Street corridor. The proposed redevelopment of the property will provide a new gateway to the Boardman River at this critical employment node, allowing workers and recreationalist to enjoy easy viewing and access to the river. The proposed redevelopment will provide jobs, increase tax base, stimulate additional private and public investment, facilitate the community’s redevelopment goals for the Eighth Street corridor, open up access to the Boardman River, and provide much needed affordable housing at workforce rates in an important downtown location.
Envision 8th Present (PDF)
West Shore Bank will occupy the first floor and offices will take up the second floor. Local Nonprofits could have meeting or other events in the community space in the third floor. Record Eagle Article- July 4, 2020
Commongrounds Presentation (PDF)
Commongrounds is a real estate cooperative in Traverse City, Michigan. We are developing a building at 416 Eighth Street, owned by its tenants and our community — so we can make the community we love even better, together.
To learn more about Commongrounds and see updates visit there website .
Commongrounds is the first project in Grand Traverse County to get approved for the Property Assessed Clean Energy(PACE) Program . This program is an innovative financing tool that enables energy and water efficiency improvement projects to the property.
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