A new Castle may be coming to St. Johns: A rendering of the senior citizen housing complex being proposed in downtown St. Johns – courtesy photo
A payment in lieu of taxes (PILOT) agreement has been negotiated between the City of St. Johns and a developer in support of a proposed 30 unit senior citizen housing facility. The units will be available to people 55 years of age or older. The plan is for the place to be called the St. Johns Castle.
The four story building is being developed by Phil Seybert, owner of P.S. Equities, Mt. Pleasant, for property at the southwest corner of Spring and Higham streets. The newly vacated lot had been used as a drive-up banking facility by Clinton National Bank and Citizens Bank and was the site of Cindy’s Ice Cream and Treats until 2012. See the story.
The property would be sold for $100,000 to Seybert. Support is being sought from the Low Income Housing Tax Credit Program of the Michigan State Housing Development Authority.
It will not be known until July if the MSHDA support has been approved. If that happens Seybert said he will work hard to have final site plans ready for the city’s review before the end of this year. He said he would like to break ground on the project sometime during this coming fall.
Seybert’s company has built this development in Wyoming, MI.