Traverse City Real Estate Co-Op Breaks Several Different Molds

 Traverse City Real Estate Co-Op Breaks Several Different Molds

It was a cold, windy, January evening on the banks of the Boardman River in Traverse City, Michigan. One by one, 10 people walked up and shoveled a bit of birdseed into a bucket, each representing a funding source for the future Commongrounds Cooperative. (The birdseed started as a pun on “early bird investors” and ended up leading to the ceremony being called a “groundbeaking.”) Though the ceremony was a spin on the typical groundbreaking ceremony, this was no typical commercial real estate project.

Slated to finish construction and open its doors in early 2022 (there’s even a live webcam feed of the construction site), Commongrounds Cooperative will have space for an independent coffee roaster, a local craft distillery, a food hall with a shared commercial kitchen for hourly rental, a childcare facility, a performing arts space…

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