MUSKEGON, Mich. - After being vacant for more than a decade, a five-story building in downtown Muskegon has a new owner.
City leaders finalized a deal to sell the old Ameribank building to Core Development for $425,000 on Tuesday, Aug. 14.
The plan is to turn the structure into a mixed-use development that will include housing, retail and office space.
City leaders are excited about the project and they believe it will have a positive affect on the downtown area.
"The first floor would have retail types of uses, most likely if you were to ask me there will be a food component in there, retail commercial types of uses, and then floors two through five would be residential," said City Manager Frank Petersen.
The building is located at the corner of Clay and First streets.
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