A Brownfield Plan is proposed to support the redevelopment of 401 W. Washington Street into a 16,150 square-foot mixed-use building with integrated parking, two commercial spaces, and 11 residential units. Nine of the residential units will be targeted to income-qualified households at or below 120% of the Area Median Income, with corresponding rent levels. The total anticipated investment in this project is estimated at $4,556,000.
Approval of the Brownfield Plan will provide for the reimbursement of Brownfield Environmental and Housing Development Eligible Activity costs, including renovation of existing buildings and the financing gap between development and rent revenues for units for qualified households with incomes of 120% of the Area Median Income or less. A total reimbursement of $1,076,825 over 20 years is included under this Brownfield Plan, with $671,768 from the local capture and $460,057 from the state capture.
The Brownfield Plan was presented to and approved by the Marquette Brownfield Redevelopment Authority at the July 16, 2025 meeting. The Local Development Finance Authority and Downtown Development Authority approved their respective interlocal agreements for this project at meetings held in July.
The public hearing for this Brownfield Plan was scheduled at the August 11, 2025 regular City Commission meeting.