David Strouse, a Saginaw native and CBS Television executive, announced his plans to the city's Downtown Development Authority during its Sept. 24 meeting.
said restoration of four historic buildings on the southeast corner of Washington and Genesee will cost millions of dollars and result in 28 "market-rate" apartments and first-floor commercial space.
Morrell owns Dawn
of a New Day Coffee House on Washington, one block from Strouse's
City Councilwoman Annie Boensch works on the same city block that Strouse's
new development plans center on, at Savoy Bar & Grill.
Boensch said she
is optimistic about the future of Saginaw's downtown, which has had a decades-long history of decline, deterioration and stagnation.
"We have an image challenge to overcome," she
Abraham Allen, himself an owner of a historic downtown building, was the lone vote on the DDA
against moving forward on a purchase and development agreement with Strouse
(Strouse) has a demonstrated record of success.
And I know he
is going to be sensitive to the history of the resources."
recently oversaw the renovation of a historic building in Saginaw's Old Town district with his
Hamilton Apartments project.
is also responsible for the smaller nearby Strouse-Hamilton apartment development.