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

(Natalie Keith is a contributing writer to GlobeSt.com.)

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

Locally based developer Harry Hepler, owner and president of H Inc., tells GlobeSt.com that he bought the former factory in 1998. It was built in 1916 but had sat vacant for 30 years prior to redevelopment efforts.

The three-story Motor Wheel Lofts building will contain 96 one-bedroom units that range in size from 580 sf to 1,680 sf and will rent for $540 to $1,680. There will be 21 two-bedroom units that range in size from 1,030 sf to 2,850 sf and will rent for $1,130 to $2,850. There will be three three-bedroom units that range in size from 1,510 sf to 1,570 sf and will rent for $1,490 to $1,570. Building amenities will include an underground heated parking garage, gym, access to a personal drive, use of the facility’s renewable-energy vehicle and a doorman.

The building was designed by Detroit-based architect Albert Kahn. Hepler is seeking certification under the US Green Building Council’s Leadership in Energy and Environmental Design program. The building is listed on the National Register of Historic Places, so federal and state historic guidelines were followed during renovation efforts.

The Motor Wheel Lofts project is in its third phase of development at the 20-acre site. The first phase of development included renovation of 40,000 sf, which is now occupied by the Lansing Police Department and an engineering and design firm, Capital Consultants/DesignWorks AE, which has been involved with the project. The second phase included redevelopment of 80,000 sf, 25,000 sf of which is now occupied by 250 employees of Lockheed Martin, says Hepler.

As part of the third phase of development, Hepler sold six acres to East Lansing-based developer Gillespie Group, which constructed 72 apartment units and plans to build another 48 condominium units at the site. The development has done much to improve the area, Hepler says.

“There’s a 20-acre park across the way from it that used to be covered with graffiti,” he says. “Now people feel safe and secure in that area,”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.