COLDWATER, MI (WTVB) – A grant of just over $605,000 from the state will allow a historic building at 22 West Pearl Street in downtown Coldwater that was damaged in a 2020 fire to be redeveloped into a mixed-use building featuring five apartment units and commercial space.
The money is coming from the Michigan Economic Development Corporation’s Revitalization and Placemaking Program.
The revitalization efforts are expected to result in $1,245,127 in capital investment with the support of a $605,636 RAP grant. Developers Grace and Noah Roberts of GNR Rentals & Real Estate, LLC have previous experience rehabilitating and operating residential rental units. This project will be their first commercial building development
State officials says the commercial space will support the expansion of a local realtor group by serving as an expanded meeting space. The project will help to add residential density to the community while fueling future redevelopments downtown by serving as a model for revitalization to neighboring building owners.
Coldwater City Manager Keith Baker said, “The revitalization of 22 W. Pearl Street marks another positive step forward in the improvement of downtown Coldwater by bringing much-needed housing to the district while supporting a locally rooted business that cares about our community’s success.”
According to State Representative Jennifer Wortz, “This redevelopment of a building in the downtown district that can provide additional housing and business space is a win-win. It’s always great when we can take something old and find a new purpose and preserve a building that would otherwise sit in disrepair.”
Since its launch in 2022, the Revitalization and Placemaking program has supported 234 total projects in communities across the state.
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