410 Broadway

Construction of a four-story, co-op grocery anchored, mixed-use development consisting of 11,000 sq. ft. commercial space and 48 residential rental units in rural Mount Pleasant, MI.

Investment

  • NMTC Amount: $15,500,000
  • Total Project Cost: $16,106,190

IMPACT

  • 39 FTE jobs
  • 30 construction jobs
  • Grocery store will serve 38,000 Food Desert residents annually
  • 50,932 sq. ft. of real estate

Investor

Project Description

Construction of a four-story, co-op grocery anchored, mixed-use development consisting of 11,000 sq. ft. commercial space and 48 residential rental units in rural Mount Pleasant, MI. The project, located in a Food Desert and an area with a 900 unit workforce housing gap, will bring healthy, accessible, affordable food to over 38,000 residents and catalyze future multi-family developments.

MAP

Address: 410 West Broadway Street, Mount Pleasant, MI 48858

Census Tract: 26073940400

Other Michigan Projects

The project involves the renovation of an existing 21,225 sq. ft., single-story, vacant building on the north side of the city of Flint into the North Flint Food Market, a

Construction of a two-story 49,000 sq. ft. multi-purpose community hub includes an early childhood learning center, workforce development/ co‐working space, and a wellness center.

Capital Impact Partners provided loans totaling $8.4 million ($8.7 million NMTC allocation) for the renovation and expansion of an approximately 6,000 sq. ft. building into an approximately 23,300 sq. ft.

The Immaculata School is the rehabilitation of an innovative, foundational, and collaborative education facility serving K-5 and run by the Detroit Public School Community District (DPSCD). Rehab includes mechanical, electrical,