A local construction company will take possession of a long-vacant industrial building in Downtown Jonesville with an eye toward redeveloping the property.
According to a press release from the City Of Jonesville, the City Council has approved a Purchase and Development Agreement with DH Roberts Construction for the redevelopment of the former Klein Tool property.
The plan calls for the project to be completed in two phases.
The portion of the factory closest to Chicago Street will be redeveloped as a 22,000 square foot commercial building with on-site parking.
Officials say the building will keep its industrial character, but will be enhanced with glass and door openings to add storefronts on the street.
The remainder of the factory will be demolished to make way for a modern residential building with two-and three-bedroom market rate apartments.
The project, which is tentatively being called Riverview Flats, will offer apartments with views of the Saint Joseph River. .
Under the Agreement, DH Roberts Construction of Jonesville will take possession of the building in exchange for the investment to redevelop the property.
The total cost of the redevelopment is estimated somewhere between four-million and seven-million dollars. .
Construction of the commercial building is expected to be completed in about 24 to 30 months.
The residential building is anticipated to be complete within 4 to 7 years, depending on market conditions.
The building housed Vaco Products for 40 years before it was purchased by Klein Tool in the late 1980’s.
It has been vacant for about 15 years.
