Ribbon Cutting at Historic UP Apartments
Iron River, MI – (July 11, 2014) Developer Tim Hovey of the Gryphon Group is pleased to announce the ribbon cutting at Apple Blossom Apartments in Iron River. Formerly the site of the historic Central School, Apple Blossom is now home to 22 living spaces.
Originally constructed in 1902, the Central School closed in 1980 but continued to serve as a landmark and point of pride in the community. The property was purchased by the Iron River Downtown Development Authority in 2004, and the City of Iron River and the DDA have been great supporters of the development both economically and in spirit.
General contractor Wolverine Building Group and architect Barry J. Polzin completed the $6.6 Million adaptive reuse project to transform the school into 22 affordable one-, two-, and three-bedroom units. Apple Blossom is an Enterprise Green-certified sustainable project to reduce life cycle costs and environmental impact. The historically accurate exterior refinishes and high quality interior décor give the facility a high-end feel throughout.
“I’m proud to have taken part in the transformation of this unique community landmark,” says Wolverine’s Project Manager Marcus Ringnalda. “I hope the community of Iron River can benefit from this building for decades to come.”
The ribbon cutting ceremony will take place at the facility at 217 West Cayuga Street in Iron River, MI, at 11 a.m. Central Time. All local media are invited to attend.
The project was funded in part with support from the following parties: equity provider Lake Michigan Financial Corporation (Holland, MI); construction financing – The Bank of Northern Michigan (Traverse City, MI), and permanent financing – MSHDA (Lansing, MI). For more information about this development and Gryphon Group, please visit www.gryphon-llc.com. For more information about Wolverine Building Group, please visit www.wolvgroup.com.