Page 18 - LRCC FOCUS MAGAZINE NOVEMBER 2023

itself as the global leader in the future of mobility and and 31 apartments offering a range
vehicle electrification. In addition, the project will bring of rents,” said Eric Hanna, president
immediate high-wage jobs, primarily engineering & CEO, Michigan Community Capital.
and technical positions, to the region and could lead “It has nine offices, four of which
to future investment in the state. are for-rent individually, and all
residential units are full continuously.
“Michigan is known as the “Automotive Capital of We are currently searching for the
the World” and has the highest concentration of right retail tenant.”
automotive OEMs and Tier 1 suppliers in USA,” said
Schulde. “It has been and will remain the center of Hanna said a combination of factors
future mobility development.” that attracted MCC to the Old Hanna
Town Project including a strong and well-organized
Michigan Community Capital: commercial association and some of Lansing’s best
Temple Lofts Bolsters Old Town local dining and shopping. Three other development
teams unsuccessfully attempted to develop the Temple
After nearly a decade of sitting vacant and blighted, the building in the past.
Temple building in Lansing’s Old Town has new life, now
known as Temple Lofts. “Our mission is to tackle some of the toughest projects in
the state in downtowns, nodes, and corridors in order to
This project redeveloped a key block in Lansing’s vibrant remove obstacles for private development,” said Hanna.
Old Town District. The property was purchased by “With this building being vacant and fading into disrepair
Michigan Community Capital (MCC), a 501 (c) 3 non- and with it being an iconic and historic asset, it was a
profit, in February 2019. This rehabilitation was true to great candidate for our ‘at scale’ lean-in type projects.
the rich history of the building while bringing new life to We also wanted to support Old Town by locating our
the space. The stunning arched window openings were offices here and to make deeper commitments to
highlighted, and the original stained-glass windows the neighborhood. We now have modest additional
were repurposed into art throughout the building. The land holdings in the area and have future additional
project represents a nearly $10M investment in a historic investments planned.”
church which may be the site of the first church to be
built in Lansing. Hanna said the project could not have been
accomplished without both public and private
“The project converted the two-story church into a five- capital and expertise. Partners include the City of
story mixed use building featuring offices, retail space Lansing, MEDC, IFF, and many enterprise level bank

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