Developer eyes historic Saginaw building for $17.9 million boutique hotel

SAGINAW, MI --  A group of real estate investors are taking the first steps to examine the historic Bearinger Fireproof Building for redevelopment.

Developer Jenifer Acosta, who made her mark in Bay City renovating the old Bay City Times building into luxury apartments, is proposing the Saginaw building at 126 N. Franklin be redeveloped into a 76-room boutique hotel with 4,000-square-feet of restaurant and commercial space.