Yoga

Apartments, gym and yoga studio in progress at Lake Trust site in Lansing

Construction is underway on a mixed-use development at the former headquarters of Lake Trust Credit Union.

The teams inaugurated the City View Apartments last month, which will bring 172 units and a gym to 501 and 503 S. Capitol Ave. in downtown Lansing.

California developer Westpac Communities has hired Wieland Construction to renovate the existing building and build another on nearby land, CEO Patrick Smith said on Monday.

The old Lake Trust building will house 55 apartments ranging from studios to two bedrooms. The new second building located at 503 E. Capitol Ave. will have 117 additional units, said Kevin Shaw, vice president of marketing at Wieland.

Both buildings are expected to be completed by the end of 2022. They will contain both market-priced and affordable units, Smith said.

Following:Former Lake Trust site proposed for new development with 160 apartments, commercial space

Following:Former Lake Trust headquarters sold to Lansing developers

Lake Trust moved to Brighton in 2015, but operated a branch at Lansing HQ for years thereafter. The site had been considered a location for a new Lansing town hall, but was instead sold to developers in 2018.

The pandemic delayed construction on the site and changed the appearance of the complex. The apartments have been redesigned to allow for an increase in home working, with some studios being swapped out for one and two bedroom units.

“We are also adding air filtration systems that protect against COVID in buildings,” Smith said. “There are biological micro-filters that will purify the air in the apartments.”

The most notable addition is a gym and yoga studio, the Training Factory, in the retail space. Paid memberships are open to resort residents and the general public.

It will be the first public gymnasium in downtown Lansing since the YMCA closed in October.

“There are about 18,000 square feet of retail, and 5,000 of that is dedicated to a gymnasium and yoga studio called Training Factory.” The gym specializes in personal training and fitness classes and already has a 24-hour location at another Westpac complex in Okemos.

The product of a public-private partnership, the Lake Trust redevelopment is intended to connect downtown Lansing with REO Town 800 meters to the south, two areas currently crossed by I-496. The city will give Westpac more than $ 9 million in brownfield reimbursements for the environmental remediation of the lead paint-related site and a nearby gas station.

Renovations to the Lake Trust building will cost $ 8.6 million, and new construction of the second building will cost $ 22.6 million, said Karl Dorshimer, vice-present of economic development at Lansing Economic Area Partnership.

“The city and the Lansing Brown Redevelopment Authority (LBRA) have worked for several years, including through the pandemic, to make this project a reality,” he said in an email. “With the use of brownfield finance tools, the LBRA has attracted $ 32 million in private investment to add more housing options and revive a large vacant office building.”

Westpac has several complexes in Greater Lansing, including Elevation Apartments in Okemos and Lofts NoCa in East Lansing. Work continues on the village of Okemos, a mixed-use site at the corner of Hamilton and Okemos roads that includes 205 apartments and commercial space.

The site of the future City View apartments near the corner of S. Capitol Avenue and W. Lenawee Street in downtown Lansing.

Smith declined to disclose details of who will occupy the remaining commercial spaces, but said a shared office space company was considering the property to accommodate Lansing teleworkers.

“I think this property is a transition from the town of REO to downtown, and it creates a pedestrian environment as it adds shelter,” Smith said. “I hope for a huge success and that it will rejuvenate the downtown area. The downtown area is changing and people would like to be in the dynamism.”

Journalist Natallie St. Onge contributed to this story.

Contact reporter Krystal Nurse at (517) 267-1344 or [email protected]. Follow her on Twitter @KrystalRNurse.



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