The Hastings City Council has voted in favor of partnering with Hastings Michigan Avenue LLC, the company working to put together financing for a housing and retail development at 128 North Michigan Avenue.  The council approved an incentive request that would include the Neighborhood Enterprise Zone tax abatement, Commercial Redevelopment Act tax abatement, and Brownfield Tax Increment financing.

Hastings Michigan Avenue LLC is applying for a $750,000 Community Revitalization Program Grant from the Michigan Strategic Fund, and the support for incentives from the community will help in their chances of securing the grant.

The 4-story mixed-use building is to include 2,500 square feet of retail space on the first floor,  and 18 residential market rate apartments on floors 2-4, a mix of one, two, and three bedroom units. The developer estimates their total investment for the project at $4.3-million.