Adelaide Pointe gets $14 million as construction set to begin this month
Developers will begin first with marina on Muskegon Lake, as well as new condo building
Construction of a large development on Muskegon Lake is set to begin after the Michigan Strategic Fund awarded the developers of “Adelaide Pointe” $14 million.
The sprawling project that would be built on Muskegon Lake known as “Adelaide Pointe” would include a new, 215-slip marina, luxurious condominiums and apartments, retail shopping, a restaurant and a bar, boat and paddle-boat rentals, and a new public boat launch and public fishing pier.
This week, its developers and The Muskegon Brownfield Redevelopment Authority learned that the Michigan Strategic Fund has approved more than $14 million in state tax capture, bringing Adelaide Pointe one step closer to reality.
The development, which is promised to be a mix of public and private spaces, has come under fire from local residents who have questioned what would happen to a public bike path that currently runs through the Adelaide Pointe.
Developer Ryan Leestma says, Muskegon residents need not worry:
“There are all kinds of layers of protections to ensure that (the bike path) is never messed with, in fact, our plan is actually to expand that,” Leestma said. “We are planning on adding 200 percent more bike paths around the property, up and down the peninsulas, doing bi-passes, there will be lots of options for the public.”
Officials say construction begins this month, starting with the marina, as well as the first 55-unit mass timber condominium building, which will overlook the lake.