(To read more on the multifamily market, click here.)

(Natalie Keith is a contributing writer toGlobeSt.com.)

LANSING, MI-A former wheel manufacturing plant is beingtransformed into a 120-unit, 170,000-sf loft apartment complex. The$12.8-million development, located at 707 Prudden St., is thecity's largest Downtown residential development in more than 40years. It is expected to be completed this summer.

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