While many businesses had to pivot during the COVID-19 pandemic, few had to perform a triple swivel like WestPac CEO Patrick Smith.
Smith is developing the former Lake Trust building on Washington and Capitol avenues into the City View apartments. The complex will feature 172 apartments with stunning views of the cityscape. Smith said he had to change direction after losing a bid to relocate Lansing City Hall to the site, switching gears to developing office space.
“I looked at doing office space, and then COVID hit and office space was taboo, because everyone was working from home,” he said. “At that point I said the one thing that is always needed is housing.”
A market survey confirmed housing was needed to make downtown Lansing more walkable. Smith sees City View as linking downtown to REO Town.
The apartments will share a lot with the city’s proposed performing arts center, Smith added.
“I think that will bring an additional asset to our community in terms of performing arts that will also change the entire walkability dynamics of Washington Avenue,” Smith said.
Lansing Mayor Andy Schor looks forward to additional downtown housing.
“Downtown Lansing is seeing some great growth in our housing market, and more and more people are looking to live downtown. I’m excited to see so many people choosing to move here and help to activate our downtown 24 hours a day, seven days a week,” Schor said. “These new apartments, along with new businesses, are another great step toward this incredible transformation.”
Base rental rates for the apartments start at $1,069 for a studio, $1,239 for one bedroom and $1,609 for two bedrooms. In addition, storage units in the common area of each floor will rent for an additional $120 per month.