InvestUP is partnering with developers, lenders and government to increase workforce housing across the region.
InvestUP is partnering with developers, lenders and government to increase workforce housing across the region.
Build U.P. Projects
The Chipp at 710 Chippewa Square in Marquette
The Chipp is a 14-unit workforce housing redevelopment in Marquette. The project converts an underused office building into income-restricted apartments for households at or below 120% of the area median income, adding attainable options near jobs and services. An MSHDA MI Neighborhoods grant was awarded to this project, obtained in partnership with the Marquette County Land Bank. A brownfield plan was also approved by the Marquette City Commission. A tax increment financing will reimburse eligible environmental and housing development costs, helping close the financing gap and move the project forward with developer SLA Property, LLC.
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The Career and Technical Education Partnership Program
The Career and Technical Education Partnership Program is a $1 million initiative that collaborates with local ISDs to tackle the U.P.’s housing shortage while training the next generation of skilled trades workers. To start, this program enables students from Delta-Schoolcraft ISD and Copper Country ISD to construct four homes in four communities, providing hands-on experience in residential construction.
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Crystal Falls Multi-Family Housing Units
A total of 68 new multi-family housing units are planned for the City of Crystal Falls. In partnership with the City of Crystal Falls and S.C. Swiderski, this project leverages the Residential Infrastructure Loan Program to fund critical infrastructure necessary for the development, like roads, sidewalks, and utilities.
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The Annex Redevelopment Project in Sault Ste. Marie
The Annex redevelopment project transformed the former Chippewa County Courthouse Annex into seven one-bedroom and four two-bedroom apartments for renters. Led by the Community Housing Network. This project was financed by Central Savings Bank, MEDC, and MSHDA.
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Historical Manistique Building Redevelopment Project
Supported by financing from Peoples State Bank of Munising and the MEDC, a former historical downtown building in Manistique was converted into a mixed-use development featuring office space and three long-term apartments that was developed by Kristina Behrens and Antonio Adan.
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The Hemlocks I, LLC in Marquette
The Hemlocks I, LLC project is a contemporary 39-unit apartment building set amid 29 acres of forested land, with easy access to downtown and outdoor recreation. Slated for availability in September 2025, the cost of this development with its modern amenities is $14,524,659, which was financed through Nicolet National Bank.
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Rolling Meadows Apartments in Marquette
Rolling Meadows Apartments is a new 40-unit complex by Ironshore Development, LLC on 17 acres in south Marquette. The project was financed by MEDC and includes three phases; Phase 1 includes three buildings featuring 2-bedroom, 1-bathroom apartments, each approximately 950 square feet, with monthly rents estimated at $2,150. The first 16-unit building is expected to be available by late April or early May, followed by a second building in midsummer and a third building in the Fall of 2025.
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L&Z Rentals, Inc. in Houghton
L&Z Rentals, Inc. is renovating a mixed-use property in downtown Houghton, featuring nine residential units and two commercial spaces. The project was funded by Upper Peninsula State Bank and MEDC, and includes one 1-bedroom unit, six 2-bedroom units, one 3-bedroom unit, and one 4-bedroom unit, with rents ranging from $1,400 to $2,100 per month. Sky Sushi, the borrower’s restaurant, will relocate as the anchor tenant to the development, which is being financed by Upper Peninsula State Bank and MEDC.
AV Rental Properties 9, LLC in Marquette
AV Rental Properties 9, LLC is constructing two duplexes at 411/412 W Baraga Avenue in Marquette. Each duplex will feature six bedrooms and two bathrooms, split into three-bedroom, one-bath units. This well-designed living space is in a prime location, with a build out cost of $1,275,000, which was financed by Embers Credit Union and MSHDA.
Hemlock Park, LLC in Marquette
In Marquette, this development consists of (26) single family homes that range from 1,200 to 1,800 square feet. The development was financed by Nicolet National Bank. These units are 2 to 3 bedrooms and baths, which will also offer customization and upgrade options and have an estimated sales price starting at $479,000.
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