Commongrounds is about making the community we love even better, together - starting with 416 E. Eighth Street.
Commongrounds is a real estate cooperative in Traverse City, with a goal to develop real estate that meets community needs and increases quality of life in the region.
Our pilot project is 416 E. Eighth Street, a 4-story mixed-use building scheduled to break ground in 2020 for completion in 2021. More than a building project, Commongrounds will be a backbone support for space and activities integrating wellness, arts, family, and food to help people and organizations be healthy, connected, creative, and inclusive. Together, we will provide shared value and triple bottom line returns on investment to tenants, partner organizations, and people working, living, learning, and playing in the region.
The building is planned at the intersection of Eighth Street and Boardman Avenue, on what is currently a vacant lot located across the street from The Box and next to Twin Bay Glass. The property provides public access to the Boardman River, nearby trails, and is designed to add timely momentum to the redevelopment of 8th Street as a vibrant neighborhood corridor.