drive of 90 percent of the state’s population. The greater
Lansing area is historically a center for industry, academia and
government, and is now a hub for automotive manufacturing,
insurance, information technology and nuclear physics. The
area boasts a diverse, well-educated and growing population,
plus ready access to one of the world’s premier education
resources, Michigan State University.
Washington Square South is a proposed multi-phase
redevelopment that will combine dynamic retail, office, and
residential spaces. The project consists of 147,000 square feet
(13,657 square meters) of office space, 70–100 residential
units, and 38,500 square feet (3,577 square meters) of retail
space. The site is currently the home of Lake Trust Credit
Union, which is relocating to another Michigan site. This
relocation creates a unique urban redevelopment opportunity,
and is poised to take advantage of increased interest in urban
living and projected job growth in the Lansing area.
Washington Square South is proposed as a Redevelopment
Ready Site®. These sites have been identified as high
potential and high priority by the State of Michigan and the host
community. These projects have been planned using a
community and market-based approach that is intended to
provide better project and investor outcomes. The sites
represent an opportunity to join with the state to co-invest and
partner with Michigan communities that are ready for
development. The Michigan Economic Development
Corporation administers the Redevelopment Ready Site®
program and would be pleased to work with project developers.