Construction begins on River’s Edge West
TRAVERSE CITY – Activity in the River’s Edge West Development is set to shift into gear with the construction of a new three-story building situated on the northwest corner of Cass and Lake streets.
The building will be approximately 24,000 square feet and designed as office space capable of accommodating 200 employees. Construction is anticipated to be completed in approximately 14 months.
In addition to the office building construction, approximately 30 additional parking spaces are being developed on one of the vacant parcels on the south side of Lake Street just west of Cass Street.
“We’re very excited to begin our River’s Edge West building project and move this development closer to its initial vision,” said Kim Hagerty, CEO, Hagerty Insurance Agency. “We’re also pleased to continue participating with other dedicated business owners and residents in the tremendous growth and future of downtown Traverse City.”
Bryan Crough, Executive Director of the Downtown Development Authority (DDA), added that the DDA board has reviewed and endorsed the proposed building, and was “very excited to see downtown’s largest employer furthering its commitment to staying downtown.”
The new building was designed by Cornerstone Architects, Inc. The Christman Co. will serve as the project’s construction manager. Dingeman, Dancer & Christopherson, PLC, is business and legal counsel for the project. All three service providers are also located in downtown, and are veterans of many successful downtown projects.
Lake Street Properties, LLC, an affiliate of Hagerty Insurance Agency, purchased the four remaining vacant sites of the River’s Edge development and nearby vacant lots in September of 2002, envisioning the continued evolution for the River’s Edge West Development.
Hagerty Insurance Agency has owned and occupied a portion of the first and most of the second floors of two existing buildings in River’s Edge since 1999. The company has more than doubled its size, from 100 to more than 200 employees, since then.
Hagerty is the leading insurer of collectible cars, motorcycles and boats in the United States. For more information on Hagerty Insurance and the Hagerty Protection Network, call 800-922-4050 or visit www.hagerty.com.