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Posted on: October 29, 2019

Former Holmes Street School Could Be Transformed into New Residential Hub

A proposed redevelopment could soon transform a former school at the center of the Potter  Walsh  and  Holmes  Street  School  Neighborhoods  into  40  new  studio  and  one-bedroom  apartments.  The  building  has  been  vacant  for  a  decade  or  more  and  left  in  a  state  of  continued deterioration after previous redevelopment efforts stalled. 

An Obsolete Properties Rehabilitation Act (OPRA) Certificate Application was presented by LEAP staff on  behalf  of  Mayor  Schor  and  Lansing  EDC  for  the  former  Holmes  Street  School  redevelopment  project to the Lansing City Council for consideration on October 28, 2019. This project was approved by City Council and will move forward pending state approval. 

“We  are  excited  to  grow Lansing and rehabilitate properties all over the city,” said Mayor Schor. “I  have  heard  complaints  about  the  disrepair  and  need  to fix up the Holmes Street School for many years. I am thrilled that we were able to close the deal on this property and put it on a path to be an asset, rather than a drain to the wonderful Potter Walsh Neighborhood.” 

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With  the  OPRA  Certification  Application  now  approved,  the  project  will be submitted to the State  Tax  Commission  for  final  approval.  The  project,  which  is  expected  to  commence  in  early  2020 pending all required approvals, will transform nearly 31,000 square feet of the functionally obsolete space. Currently, the three-story building does not have a functional elevator or heating system. The building  has  no  plumbing  and  no  functioning  electrical  system,  there  is  significant  interior water  damage and the roof is deficient. 

The  $2.82  million project will transform the building and several acres of surrounding greenspace,  making  the  project  property  a natural center place for the Potter Walsh and Holmes Street School Neighborhoods, which has seen significant, recent investment in adjacent single-family homes.   The project, spearheaded by Dymaxion Development, is a natural continuation of the neighborhood’s strength  and  investment  in  its  residents.  The  project  is  also  poised  to  create  three  new full-time  jobs. 

Redevelopment of the project property will bring new residential options to the neighborhood and turn a blighted property into a vibrant and functional building. Utilizing an OPRA tax abatement will help  make  this  project  economically  viable  and  support  an  immediate  start  to  rehabilitation  activities. 

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