A new four-story building is under construction in the Vine Neighborhood of Kalamazoo, Michigan. The building, located at 530 S. Rose St., will be called Rose Place and will offer 64 apartment units for seniors aged 55 and older.
Rose Place will be the first seniors-only apartment building managed by KMG Prestige in Kalamazoo. Monthly rental rates have not yet been set, but a mix of affordable and market-rate units will be available.
The project received approval for a Payment in Lieu of Taxes (PILOT) resolution from the Kalamazoo City Commission, which will provide tax breaks for up to 50 years for 51 eligible units in the Low Income Housing Tax Credit (LIHTC) project.
The building is expected to be completed in late December 2024 or early January 2025. It will offer accessibility features such as roll-in showers, wheelchair-accessible hallways and doorways, and elevators on all floors. Resident-only parking, community rooms, and balconies will also be available.