410 Broadway

New Markets Tax Credit Coalition

Mount Pleasant,
MI
(2020)

410 Broadway

Grocery and Fresh Food, Mixed-use, Retail, Retail and Commercial, Workforce Housing

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

CDEs

Cinnaire New Markets, PNC

Investor

PNC

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

Port Huron City Center

Port Huron,
MI
(2020)

Affordable Housing, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Michigan Community Capital

This project is for a mixed-use building featuring an indoor farmer's market, mixed-income housing, and retail spaces targeted to independent local businesses.