 Redevelopers of The Village at Grand Traverse Commons
The Minervini Group is a local team assembled by Traverse City area resident and respected historic renovator/builder Ray Minervini. Our purpose is to pursue the successful "resurrection" of the historic architectural treasures on the 63-acre campus of the Grand Traverse Commons.
The adaptive re-use of this significant site serves to preserve our historic legacies, diminish urban sprawl, promote a pedestrian friendly atmosphere, and an unparalleled quality of life in a vibrant living and working environment. The result is a diverse and dynamic new community of residential, commercial, restaurant, and retail space.
Unique to this site are the magnificent 19th century, Victorian-Italianate buildings, an extraordinary “Central Park” setting, and its close proximity to downtown Traverse City and beautiful Grand Traverse Bay. In total, the buildings consist of over one-million square feet of development capacity, including the landmark structure (formerly known as Building 50), several grand cottages, and numerous service buildings. The site’s pastoral landscape of expansive lawns, walkways, paths and historic arboretums, is surrounded by over 480 acres of preserved parkland, woodland, wetland conservation areas, and hiking and biking trails.
The Village is located in the region’s only Michigan Tax Free Renaissance Zone, granting virtually tax-free status to businesses and residents located in the zone. In addition, buyers may qualify for historic tax credits that reward private investment in historic rehabilitation.
 A Brief History
Starting in July of 2000, Ray Minervini and The Minervini Group team began negotiating with the Grand Traverse Commons Redevelopment Corporation, stewards of the Commons property. Our objective was to secure a Redevelopment Agreement to renovate the historic buildings in a way consistent with the city's District Plan. After several months of negotiations, and with intensified public support, the Commons Board voted to approve The Minervini Group proposal at a crowded special meeting on April 26, 2001 (See Traverse City Record-Eagle article).
On June 19, 2000 the official Redevelopment Agreement was signed, initiating a 12-month "Due Diligence" period for The Minervini Group. (See Traverse City Record-Eagle article). This period was essentially a time the group conducted a broad range of feasibility studies, including engineering, architectural, marketing and environmental analysis for review and approval by the Commons Board, the City Manager of Traverse City, and state and federal agencies.
Finally...
On May 6, 2002, The Minervini Group acquired the Sub-Area 2 property. (See Traverse City Record-Eagle article). Immediately after acquisition of the property, work began to re-roof the quarter-mile long roof of Building 50, the Chapel and two cottages, with completion nearly 11 months ahead of schedule.
The rest, shall we say, is history. The Minervini Group invites you to see, firsthand, the amazing transformation that has taken place since that eventful day in May. Please contact us for additional information, and explore the exciting opportunities that await you at The Village:
The Village / The Minervini Group
830 Cottageview Drive, Suite 101 . Traverse City, MI 49684
info@thevillagetc.com
Phone: (231) 941-1900
Fax: (231) 941-9713
Team Members E-mail:
Ray Minervini
Raymond Minervini II
Rick Gruber
Tony Lombardi
Mini Minervini
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