BAY CITY, MICHIGAN REDEVELOPER WINS HISTORIC PRESERVATION AWARD FOR HER FIRST PROJECT

Bay City is a city of about 35,000 people in Bay County, Michigan, located near the base of Saginaw Bay on Lake Huron.

Now, the Michigan Historic Preservation Network has given the first completed project of a local redeveloper, Jenifer Acosta, the Tax Credit Project Award.

The award is given to “an outstanding building preservation completed within the past three years,” for her preservation of the old Bay City Times office and flipping it into The Times Lofts, a set of 31 completely different-looking luxury apartments.

A quest to bring this Romanesque lady back to life

A quest to bring this Romanesque lady back to life

You know how people think of ships and cars as female? That’s the way I think of buildings.

So my heart was broken a year ago when I first stepped out onto the catwalk suspended three stories above Center Avenue between the former Chemical Bank’s “cheese grater” facade and the beautiful, 1890s architecture.

All I could think about was how her original beauty, no longer valued, had been covered up and hidden away. How she hadn’t felt the sunlight on her face for over 50 years.

Times Loft reconstruction project wins Tax Credit Project Award

Times Loft reconstruction project wins Tax Credit Project Award

BAY CITY, MI -- Working at home one day, Jenifer Acosta saw her phone light up. She answered the call, hears the good news and is rushed with excitement. Acosta ran to her mother who was watching her children while she was working to tell her the news she just received. 

Acosta and her company, Jenifer Acosta Development, had just won an award for preserving a historic building in Bay City.

The Times Lofts wins Michigan Historic Preservation Award

The Times Lofts wins Michigan Historic Preservation Award

The Times Lofts is being honored for its outstanding rehab work and for honoring Michigan's heritage. 

The former home of the Bay City Times is now home to thirty one luxury apartments.

The Times Lofts won the tax credit award from The Michigan Historic Preservation Network for effective use of federal and local tax credits to restore historical buildings.

Sharing a vision with your stakeholders is key

Sharing a vision with your stakeholders is key

Redeveloping the 127-year-old Crapo Building located in the heart of downtown Bay City, Mich., began with a business plan one year ago.

Every good business plan should clearly outline the key stakeholders needed to bring a project to fruition. That’s because unless you’re building something entirely at your own risk using personal cash or credit, there’ll be other stakeholders in the mix: local government, banks, investment partners and end users, just to name a few.

In the News: Historic Bay City bank building has a contractor, architect and a restaurant

With a general contractor and award-winning architect secured, a historic bank building in the heart of downtown Bay City is nearly ready for a grandiose redevelopment.

Last month, Jenifer Acosta, the developer looking to transform the 125-year-old Crapo building at Center and Washington avenues into a multi-use structure with residential apartment rentals and commercial space, hired Saginaw-based Spence Brothers as the project's general manager. Quinn Evans Architecture, the same firm that designed renovations to Bay City Hall following a 2010 fire, was also hired for the redevelopment project...