Great Things Are Happening In UpTown Bay City
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Click to play PODCAST:
An Interview With Mayor Chris Shannon
As you may already have heard the City has accepted a purchase agreement for the property dubbed "Up Town At Rivers Edge". This transaction will bring much needed jobs and revenue to our city. Please listen to the podcast interview with Mayor Chris Shannon for more details on the project and what Mayor Shannon has planned to improve our city.
Click Here to view a copy of the Development Agreement.
Art Dore commented " We have been working on this project for 10 years. We have looked at Hotels, Water Parks and anything else that was proposed to us, but this is the first thing that came along that made sense and it will be FANTASTIC. It's the best thing to happen to Bay City in years and it will bring jobs and revenue to our area, we will all benefit from this project."
Karl Schwartz, vice president of the RiversEdge Development Corporation commented, "This development will be absolutely transformational for the city . . . We've spent a lot of time trying to find the right developer who has a vision for the property and I think our patience has paid off. SSP has a fantastic track record in the region and we look forward to working with them to bring this project to reality."
Dr. Samuel Shaheen, president of SSP Associates said, "Over the next five to ten years, Uptown at RiversEdge will enhance riverfront activity in Bay City, which will continue to bring statewide attention to the Great Lakes Bay Region. This will be a development the entire community can take pride in."
Bay City Manager Robert Belleman said, "This project represents intergovernmental cooperation and public-private partnerships at their finest."
"Everyone from local business leaders to the EPA and Michigan DEQ and Attorney General's office, to the MEDC, local legislators and even the Governor's office has had a role to play in making this project happen. We've still got a long way to go, but everyone involved is eager to see Uptown at RiversEdge come to fruition."
Bay City Mayor Chris Shannon commented, "The city is thrilled by this opportunity to take another underutilized property and turn it back into a site that once again contributes to our city's economic resurgence."
I agree with Mayor Shannon, this is a huge step forward for our city, but we have much more work to do in developing our other underutilized properties such as our vacant schools, and a host of other vacant buildings throughout our city. Paul Rowley will be developing the old Mill End corner with retail, office and condo's here is a link to read the hole article http://www.mlive.com/news/bay-city/index.ssf/2011/11/five_story_building_to_replace.html
I can't wait to see what our city looks like in 5 years. It's going to be AWESOME!
The following chart is for Bay County sales only.
THIS WEEK IN REAL ESTATE -- WEEKLY STATS
AREA # OF NEW LISTINGS PRICE RANGES
AREA # OF SOLD LISTINGS PRICE RANGES
TOTAL PENDING LISTINGS:
THERE ARE 27 LISTING PENDING.
THERE ARE 27 LISTING PENDING.
QUESTION CORNER: IF YOU HAVE A QUESTION ABOUT REAL ESTATE PLEASE SUBMIT IT HERE AND I WILL ANSWER IT IN THE NEXT COLUMN. YOUR NAME AND E-MAIL ADDRESS WILL NOT BE PUBLISHED. SUBMIT YOUR QUESTIONS TO: Click Here to E-Mail Jean Ann DeShano
Or Contact Jean Ann DeShano at:
414 Gies St., Bay City, MI 48706
(989) 233-8380
414 Gies St., Bay City, MI 48706
(989) 233-8380
Disclaimer: All of the sold, new listing, and stats in this column are from The Bay County Realtor Association web site.
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