IT’S THE STORY everybody’s been asking about for a couple of years, and now we have an answer.
The Veridea Group, the Marquette-based development firm, has signed an agreement to buy the old hospital site after it’s vacated next year, and will convert it to a mixed use development–offices, residences, retail shops, lodging, public spaces.
Some of the buildings will stay and be reused, others will be demolished.
Twenty-one acres. A huge development that will transform a major part of Marquette.
Not a done deal yet. It’s subject to due diligence by both parties, and will occur after UPHS has moved to its new quarters on the highway. That’s scheduled to happen in April.
Veridea’s been a major player in recent years in Marquette. Its most recent development, the Harbor Vista apartments, opened a few months ago. It also developed the Staybridge Suites and the Upper Peninsula Health Plan building on West Washington Street, and it’s planning to construct a mixed use building across from the Marquette Commons.
The hospital site redevelopment, however–assuming it occurs–will overshadow all of them.
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