Apartment complex gets a $2.5M makeover

Building replaced after August 2020 fire 

Information from PK Companies

PK Companies, a family-based real estate firm in Okemos, Mich., has invested $2.5 million in the construction of one building and the rehabbing of another building in the Lakewood Apartments complex in Stockbridge.

The work began in late 2020. Lakewood Building A rehab project took a total of seven months to be completed. Building B, which was a total loss in the fire, was completed in July 2021.

The rehab portion of the project entailed replacing roofing, siding, windows, flooring, appliances, plumbing, light fixtures, cabinets, countertops, as well as painting. Oakwood Construction out of Okemos was hired for the construction work.

The new construction of both Building A and B achieved Enterprise Green status. According to its 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 used funds awarded from the IRS/MSHDA Low Income Housing Tax Credits (LIHTC) Program.

“At PK and Lakewood 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,” said Marea Powell, director of property management for PK Companies. “We are also so happy that we’ve had the new building built, so we were able to bring back some of our fire victims to the property.”

Prospective residents are encouraged to call the Lakewood Apartments leasing office at 517-851-7093 to get on the waiting list for an apartment home. 

Lakewood Apartments, located on Clinton Street in Stockbridge, is a 32-unit affordable housing community that offers one- and two-bedroom apartments.  Photo provided by PK Companies.

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