The YMCA development is looking for investors

 

The former YMCA property is set to be developed into high-end waterfront condos. All that's left is for the developer to finalize financing of the project. Developer Robert Wolfson, who has developed properties in Ferndale and Royal Oak, is seeking $1.1 million from local investors to develop the former "Y" property in downtown Port Huron. The Community Foundation of St. Clair County has agreed to be the initial investor in the waterfront condominium project, and has set aside $110,000 for the investment. Dan Casey, President of the Economic Development Alliance of St. Clair County, says developers like Mr. Wolfson like to see that local stakeholders are willing to step forward. The planned development would be the first new large-scale waterfront home construction in more than a decade in Port Huron, with construction set to begin this summer. The foundation says it is sending out an important message with the investment. That they believe in this project and are willing to invest in it.