Historic Petoskey Business Completes First Phase of 128-Unit Housing Development

A century-old Petoskey business has finished the first 30 homes in a 128-unit manufactured housing community it’s developing in response to the region’s housing shortage that has pushed some local workers to live in campers.

The Manthei Group, a third generation portfolio of businesses owned by the Manthei family, hopes to complete the Pine Pond Homes development by 2030.

The project targets the Petoskey area’s middle-income earners, typically classified as those earning between 80% and 120% of area median income, who are increasingly priced out of the community as area home prices skyrocket.

Abe Manthei, director of missional development for The Manthei Group, said the company owns and operates several RV and mobile home parks in other states such as Arizona and California.

This is its first housing development in the Petoskey area, where the family’s ancestors, German immigrants Constance and Ferdinand Manthei, settled in the late 19th century and began various agricultural-based businesses.

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