Business

Groundbreaking held for Value Place Apartments downtown

Officials broke ground Friday morning for an apartment complex to be built downtown near the corner of Maple and McLean.

The $10 million project is being called Value Place Apartments, according to Jack DeBoer, the hotelier heading up the development.

DeBoer said the plan calls for two buildings with a total of 133 one-, two- and three-bedroom units. Renters will be able to choose furnished or unfurnished units, and leasing options will range from a week to 12 months. The concept builds on the extended-stay Value Place hotels started by DeBoer.

The project is being built on 4.4 acres of land that DeBoer is leasing from the city for $1 a year for 93 years.

Jerry Siebenmark

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