Construction & Development
Redevelopment of REO Town industrial complex takes step forward
A 100-year-old industrial complex near Lansing’s REO Town could soon become a mix of apartments and offices. Lansing City Council on Oct. 8 approved a brownfield tax incentive plan to reimburse the developer for environmental cleanup costs related to the site at 735 Hazel St. Project developers expect the first phase of the project to cost about $14.5 million. The incentive package would reimburse the developer about $5.8 million over 30 years for costs associated with cleaning up the property.