(LANSING) – Some apartments and a community gathering space is coming to downtown Coldwater.

Governor Gretchen Whitmer announced Wednesday a redevelopment project to a historic building at 22 West Pearl Street in Coldwater. The structure was damaged by fire and will be redeveloped into a mixed-use building, featuring five apartment units and commercial space.

The commercial space will support the expansion of a local realtor group by serving as an expanded meeting space. The project will help to add residential density to the community while fueling future redevelopments downtown by serving as a model for revitalization to neighboring building owners

Coldwater City Manager Keith Baker says the revitalization of the building marks another positive step forward in the improvement of downtown Coldwater, by bringing much needed housing to the District while supporting a locally rooted business that cares about the community’s success.

The revitalization efforts are expected to result in $1,245,127 in capital investment with the support of a $605,636 Revitalization and Placemaking Grant for Coldwater. Developers Grace and Noah Roberts of GNR Rentals & Real Estate, LLC have previous experience rehabilitating and operating residential rental units. This project will be their first commercial building development.