LANSING, Mich. — Sen. Mike Nofs announced on Tuesday that the Michigan Strategic Fund has awarded a $10 million Michigan Community Revitalization Program grant to Heritage Tower BC LLC of Battle Creek for a development rehabilitation project.
“This is fantastic news both for Heritage Tower and the city of Battle Creek,” said Nofs, R-Battle Creek. “The project will create jobs and help continue the positive momentum for new development downtown. I am excited to see the final product.”
Heritage Tower BC plans to rehabilitate the long-vacant, historic Heritage Tower building in downtown Battle Creek into an iconic and active mixed-use development. The completed project will consist of market-rate apartments and commercial, retail and office space in the 19-story building — the tallest in Battle Creek.
Nofs said the plan is expected to generate a total capital investment of $32.3 million and create 15 full-time-equivalent jobs, and it will bring new residents and commercial business to the central core of the city while acting as a catalyst for other investment in the downtown area.
In addition to the $10 million grant awarded to Heritage Tower BC LLC, the Michigan Strategic Fund approved $2.4 million in local and school tax capture for the city of Battle Creek Brownfield Redevelopment Authority to alleviate brownfield conditions at the site. The city is investing $5 million in support of the project and has approved abatements valued at $3.1 million.
Other local support includes a $3 million investment from Battle Creek Unlimited and a $450,000 contribution from the Battle Creek Community Foundation.
“Residents and those who work in and visit Battle Creek have a personal stake in seeing the city thrive,” Nofs said. “It is great to see organizations financially supporting this development.”