This urban redevelopment project is a showcase project in downtown Flint’s revitalization efforts. The 500 Block Development transforms three historic buildings built between 1880 and 1920 into one mixed-use building with a new corporate headquarters for Rowe Incorporated, a new restaurant, entertainment complex, and a parking structure. Additionally, the fourth floor contains eight loft apartments, two of which are affordable to tenants earning no more than 80% of the area median income. The project relocated over 100 technology-based jobs to Flint where the poverty rate was nearly 45% and unemployment rate almost 4.5times the national average at 25.8%. The project also created 60 temporary construction jobs and 81permanent jobs.
