For immediate release
1784 Hamilton Rd.
Okemos, MI 48864
Mobile (517) 927-9795
Bellaire apartment complex receiving $2 million makeover
Bellaire, MI – December 16, 2021 – PK Companies, a family-based real estate firm in Okemos, MI, is investing over $2 million in the rehabbing of Village Apartments in Bellaire, MI.
Exterior work is underway and interior work began in September. The projected completion date of the construction will be February 2022.
The rehab project entails replacing roofing, siding, windows, flooring, trim, appliances, plumbing and light fixtures, cabinets, vanities, countertops, doors, as well as painting. Oakwood Construction out of Okemos, MI was hired for the construction work.
The new construction will achieve Enterprise Green status. According to their website, “Enterprise Green Communities, the standard for sustainable futures, is the nation’s only national green building program designed explicitly for green affordable housing construction.”
The project is using funds awarded from the IRS and MSHDA’s Low Income Housing Tax Credits (LIHTC) Program.
Residents are staying with friends or family during the construction, or are staying at a provided hotel room.
Village Apartments is an affordable rural development property with 44 units. It consists of seven buildings and one-, two-, and three-bedroom apartments, two stories high. This community is within walking distance of shopping, dining parks, entertainment, and services. Each floorplan offers generous living space along with a fully equipped kitchen. Property amenities include a playground, laundry facilities in every building, and 24-hour maintenance services. Heat, water, sewer, and trash is free to residents. Rents are based on income and Section 8 vouchers are accepted. A barrier-free and rental subsidy waiting list are available.
“At PK and Village Apartments, we are so very excited to be able to continue to provide quality affordable housing and be able to make the upgrades to our buildings, so they function better for the long run. I can’t wait to see the residents’ reactions when they see their new apartments with all the updates that are coming!” said Marea Powell, director of property management for PK Companies.
Prospective residents are encouraged to call the Village Apartments leasing office at (231) 533-6775 to get on the waitlist for when a unit becomes available.
The Village Apartments project is part of a larger development project with a total of 12 properties scattered throughout Michigan. The total construction cost for all 12 will be approximately $25,000,000.
About Village Apartments – Village Apartments, located at 110 Birch St. in Bellaire, MI, is an affordable rural development property with 44 units. It consists of three buildings and one-, two-, and three-bedroom apartments, two stories high. This community is within walking distance to shopping, dining, parks, services, and entertainment. Each floorplan offers generous living space along with a fully equipped kitchen. Property amenities include a playground, laundry facilities in every building, and 24-hour maintenance services. Heat, water, sewer and trash is free to residents. Rents are based on income and Section 8 vouchers are accepted. A barrier-free and rental subsidy waiting list is available. Village Apartments is an equal opportunity provider.
About PK Companies – PK Companies (“PK”) is a family-owned group of real-estate companies based in Okemos, Michigan. PK began as a property management firm but has grown to include a construction company and development group. They currently represent communities in California, Indiana, Michigan, Missouri, Ohio, Alabama, and Texas. PK is committed to creating partnerships that provide housing solutions to better fulfill the needs of our communities. They strive to add value to the areas we serve and enrich the lives of our residents. Through our comprehensive strategy, we purchase, develop and manage properties that offer opportunities for creative housing solutions.