Lansing’s Oliver Towers will get a multi-million dollar makeover.
A fire in 2000 made the apartment building, a block from the state capitol, unlivable.
For more than a decade, political squabbles stalled several efforts to rehab the eight story building leaving it to decay.
But a local developer cut a deal last year to buy the Oliver Towers. Thursday, the Eyde Family company announced an $8 million rehab plan will turn the towers into a mix of office and living space by 2017.
“I couldn’t be more pleased to see this old, blighted structure get a new lease on life,” says Lansing Mayor Virg Bernero, “Oliver Towers will once again be an asset to the city instead of an eyesore.”
Eyde company has spent the past decade rehabbing older buildings in Lansing.
“Lansing is a great place to live and to work….Oliver Towers will soon offer both,” says Nick Eyde, Project Developer of the Eyde Company.
The project still needs the Lansing city council to OK some economic incentives for the developer.