Officials in Fenton broke ground Monday on a project thatâ??s touted as an important piece of revitalizing downtown Fenton.
When complete, the $5 million Cornerstone building at the corner of Leroy and Silver Lake Road will be a four-story mixed-use building that will house restaurants and stores as well as 23 residential apartments. The project includes the demolition of the old Republic Bank.
So far, three tenants have signed on, including the popular Flint Township restaurant, Sagano Japanese Bistro and Steakhouse.The developer, Corlin Builders, was awarded $880,000 by the Michigan Economic Development Corporation. The Downtown Development Authority also invested $581,000 for the project.
Local officials say the project is years in the making and will define the new downtown Fenton.
Mayor Sue Osborn said, â??I think the thought of living in downtown Fenton. Itâ??s sort of the â??inâ?? thing now. Itâ??s been a long time coming, itâ??s a very historical moment. My children have never seen a downtown Fenton, so itâ??s very exciting.â??
The building is expected to completed by winter 2014. The project is expected to create 75 construction jobs and more than 100 once complete.