Wolf River Development Company knows exactly the type of project they prefer.
"We strongly believe in developing projects that are very close to campus,” says Mike Dowdle of Wolf River Development Company. “We think the way to go is to make a distinctive, attractive, property with upscale finish.”
Dowdle has good reason to favor this type of development after the successful renovation of a former fraternity house
last year on Collingwood. He plans to repeat that success with a new project at 514 Michigan Avenue. The Koehler’s Printing and Graphics building will be demolished to make way for a four-story, 23,200 square foot building that will include 16 residential units and a commercial space on the first floor for Koehler’s.
“Most of the finishes will be very similar [to Collingwood], with the granite countertops and upscale look,” says Dowdle. “About half of the apartments will be on two levels. We got a really strong response to that at Collingwood. They liked having the living area separate from the sleeping space.”
The estimated $2.9 million project will begin in July, and Dowdle plans to have it open for tenants by fall of 2013. As with the Collingwood project, Wolf River is working with Lansing-based Kincaid Henry Building Group
on the development.