TRAVERSE CITY — A South Bend, Ind., developer is planning a new building along the Boardman River’s shore in downtown Traverse City
Joe Sarafa, who along with Erik Falconer owns 309 W. Front St., confirmed Great Lakes Capitalhas a purchase option on the lot. Plans sent to the Traverse City Planning Department show a four-story building with 96 apartments, two street-level retail spaces and a leasing office.

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“We are excited to bring forward a project that directly addresses the housing needs of Lincoln Charter Township and the broader region,” said Jeff Smoke, Managing Director at Great Lakes Capital. “This development is designed to provide high-quality, attainable housing while enhancing the character of the community. We look forward to working with local leaders and residents to create a project that benefits everyone.”