Our board and leadership affirmed our commitment to a partnership and project that will be positive for the future vitality of downtown South Bend. We transferred ownership of 13 parcels of land south of the Memorial Hospital campus to enable the city and Great Lakes Capital to build a mixed-use development that complements our Memorial Hospital campus reinvestment.
The recent downtown South Bend land deals between Beacon Health, Great Lakes Capital and the city have given the city a unique building that sits on a prime piece of real estate.
”Maple Block Flats will supply much-needed housing for Petoskey and the Northern Michigan region as a whole,” said Jeff Smoke, managing director and principal for developer Great Lakes Capital. “This is the definition of a true public/private partnership with a multitude of workforce housing incentives being utilized for a project that would otherwise not be developable.
Developer Great Lakes Capital plans to invest $49 million to turn the former Michigan Maple Block factory, located about a mile south of downtown Petoskey, into eight buildings with 204 housing units. Vacant since 2020, the manufacturing site will be demolished to clear the way for housing.
According to the nonprofit Housing North, Great Lakes Capital completed the sale of the Michigan Maple Block parcel in Petoskey and will be moving forward with “Maple Block Flats,” a 204-unit apartment complex.
Looking southeast, this photo rendering shows plans for the new $102 million Madison Lifestyle District that will replace two parking lots south of Memorial Hospital with 240 apartment units, a 100-room hotel and 925 enclosed parking spaces in downtown South Bend.
This 204-unit multifamily development is located in the heart of Northern Michigan. This transformative project will bring much needed housing to the region.
Over the coming weeks, South Bend’s Board of Public Works and Redevelopment Commission will consider a series of development deals with Beacon Health Systems and Great Lakes Capital which could revitalize that whole area. Plans that were first announced in 2021 are nearing fruition in a project that is poised to bring in 200 apartments, a 100-bed hotel, retail and office space and more parking.
“We’re obviously trying to capture companies leaving Illinois,” said Kelly, whose firm, Hammond-based Kelly Construction, partnered with Great Lakes Capital of South Bend on the project. Mike Kelly, managing partner of Park Development Partners, said his firm is aiming to entice companies leaving Illinois to its 23-acre industrial development at 24 Marble St. in Hammond.
The Plaza at Pinnacle Hills will be the premier upscale mixed-use development in rapidly expanding Northwest Arkansas. Anchored by a two-story Ruth’s Chris Steak House, it will consist of 304 residential apartments and 18,000sf of retail. Located on 10 acres in the heart of sought-after Pinnacle Hills, this project will transform the landscape along Northgate & Champions with its distinctive architectural features, superior visibility and hospitality-driven design.
MICHIGAN CITY — The northeast corner of the Interstate 94 and U.S. 421 interchange will soon be home to 300,000 square feet of light industrial development, according to Great Lakes Capital plans supported by county officials.
$175 million development is coming to the corner of SR 23 and Gumwood. Great Lakes Capital, the developer of GrandView Development in Granger is moving forward with their next phase of development, with the GrandView Expansion.
Development Manager
Leveraging 17 years of relationships and extensive background in the commercial real estate industry, Martin provides direct strategic and analytical support as part of the Great Lakes Capital development team. Since joining the firm in 2017 he has performed a hybrid role in asset management and brokerage services within the GLC portfolio. Martin earned a BA in Political Science from the University of Missouri/Columbia and an MBA from Roosevelt University in Chicago.
