Last week, the Cornerstone Project took a big step to being a cornerstone of downtown Fenton for a long time to come.
The Michigan Economic Development Corporation awarded Corlin Builders $880,000 through the Michigan Community Revitalization program.
The project will include tearing down the old Republic Bank site on the corner of Silver Lake Road and North Leroy Street and constructing a new four-story mixed-use development building, which will include dining and retail space, along with 23 residential units on the upper floors.
Three businesses have signed leases on the first floor. Chef Shiro Inoue will open a version of the popular Flint eatery Sagano Japanese Bistro and Steakhouse. Café Aroma will move from its location on Silver Lake Road to the Cornerstone Building and double its space to 1,800 square feet. Salon 416 will lease a unit of 2,500 square feet, featuring a shampoo room and styling space. There is also an additional 3,000 square foot unit for lease on the first floor.
The top three floors will include apartments priced at $900 to $1,250 per month. The building is set to be completed by winter 2014.
What do you think of the Cornerstone Project developments? Tell us in the comments.
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