A major redevelopment effort in Jackson has been boosted by $4.5 million from the State of Michigan.
The funding support for The Hayes project, located on W. Michigan Avenue in downtown Jackson, comes from the 2025 State Budget through the Michigan Economic Development Corporation (MEDC).
Funding of $4.5 million will go to the City of Jackson to help close a funding gap needed for The Hayes development to move forward. The City sold the former hotel building to J. Jeffers & Co., a Milwaukee-based development company, in 2022. Since then, the company and local officials have been working to secure additional funding for the project.
The $4.5 million from the State is the result of Mayor Daniel Mahoney and local business leaders advocating for additional funding to make the project happen.
The $40 million investment will rehabilitate the 10-story historic building into a rejuvenated development named The Hayes. Plans call for transforming the building to include 15 short-term rentals and 84 apartments. The market-rate apartments will be a mix of studio, 1 bedroom, and 2-bedroom units. The Hayes will also feature event, office and commercial space on the first three floors.
Built in 1926, the building functioned as a hotel until 1975. Consumers Energy used the property for office space until 2003. The City of Jackson took control of the building in 2004. For the past 20 years, the City preserved the building for future development. Efforts to sell the property picked up steam in 2021 when the City started collaborating with the Anchor Initiative for economic development.
J. Jeffers & Co. has previously completed sizable rehabs of historic buildings in Milwaukee.
With additional funding secured, renovation work on the property could start as early as fall 2024.
The funding support for The Hayes project, located on W. Michigan Avenue in downtown Jackson, comes from the 2025 State Budget through the Michigan Economic Development Corporation (MEDC).
Funding of $4.5 million will go to the City of Jackson to help close a funding gap needed for The Hayes development to move forward. The City sold the former hotel building to J. Jeffers & Co., a Milwaukee-based development company, in 2022. Since then, the company and local officials have been working to secure additional funding for the project.
The $4.5 million from the State is the result of Mayor Daniel Mahoney and local business leaders advocating for additional funding to make the project happen.
The $40 million investment will rehabilitate the 10-story historic building into a rejuvenated development named The Hayes. Plans call for transforming the building to include 15 short-term rentals and 84 apartments. The market-rate apartments will be a mix of studio, 1 bedroom, and 2-bedroom units. The Hayes will also feature event, office and commercial space on the first three floors.
Built in 1926, the building functioned as a hotel until 1975. Consumers Energy used the property for office space until 2003. The City of Jackson took control of the building in 2004. For the past 20 years, the City preserved the building for future development. Efforts to sell the property picked up steam in 2021 when the City started collaborating with the Anchor Initiative for economic development.
J. Jeffers & Co. has previously completed sizable rehabs of historic buildings in Milwaukee.
With additional funding secured, renovation work on the property could start as early as fall 2024.
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