Construction has commenced on a new Michigan State Federal Credit Union (MSUFCU) seven-story (105 feet tall) commercial building in downtown East Lansing with a gross floor area of approximately 87,822 square feet.
The building will include an MSUFCU Branch Credit Union on the ground floor, a community space, general office space, tenant spaces for lease and related support and service spaces. It is being built where the City's Abbot/Albert Avenue Parking Lot was located at the northwest corner of the Abbot-Albert intersection. Additional land adjacent to the lot (made available by the realignment of Albert Avenue) is also a part of the project site. Parking for the building will be provided by the existing municipal system.
The site plan submittal for this project was authorized by the East Lansing City Council through a Purchase and Sale Agreement (PSA) with MSUFCU. The City of East Lansing and MSUFCU entered into the PSA in conjunction with a ballot proposal to authorize the sale of the property, which was approved by voters in March 2020. The sale of the property to MSU closed in November 2020.