Standard Communities Pinebrook Manor PILOT and Construction Discussed
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Description
The City of Lansing discussed the proposed PILOT agreement ordinance with Standard Communities for Pinebrook Manor, 5911 S Waverly Road, involving a $688,000 developer fee and comprehensive rehabilitation of the property. The PILOT and construction-related elements are pending final approval.
Contract Details
Contract Amount
$688,000 developer fee of overall project cost
Vendor
STANDARD COMMUNITIES
Agency
City of Lansing city, MI
Contract Type
CONSTRUCTION
Document Date
February 9, 2026
Contract Term
Approximately 2 years to complete construction; PILOT term not specified
Renewal Info
Developer fee is paid in installments: 15% at closing, remainder in construction progress payments; PILOT structure similar to other workforce housing projects.
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