Plazacorp Realty Advisors Unveils Downtown Redevelopment Project
Kalamazoo, MI – Local real estate developer, PlazaCorp Realty Advisors, Inc., is pleased to announce the complete renovation and redevelopment of the Depot Building, 427 E. Michigan, in downtown Kalamazoo. Tenants will include two strong Michigan based restaurant users, Maru Sushi of Midland, and HopCat of Grand Rapids.
Built in the mid-1920s, the Depot Building is a long and narrow wood and brick building that was originally a freight office for Grand Trunk Western Railroad. The visually interesting building pays tribute to Kalamazoo’s agricultural and industrial past. The project will maintain the integrity of the existing brick and wood building, but will shore up the structural integrity and add square footage. Many of the original features will be retained, including flooring, hardware materials. The project is planned to include a new enclosed deck area along the western wall of the building, enhanced parking and landscaping. The project is expected to be complete in Summer of 2016. Dedicated office space is still available for lease.
The project is being constructed by Grand Rapids based Pioneer Construction. It is being funded through a combination of private equity and partnerships with First National Bank of Michigan, the Michigan Economic Development Corporation, the City of Kalamazoo’s Brownfield Redevelopment Authority, and the City of Kalamazoo Downtown Development Authority.
About PlazaCorp Realty Advisors, Inc.
PlazaCorp Realty Advisors, Inc. is a Kalamazoo based real estate company founded in 1988. PlazaCorp develops and manages properties with a special interest in downtown mixed-use redevelopment. PlazaCorp has a full staff of development, property management, and brokerage professionals solely dedicated to the company’s development projects and the management of its holdings.