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Commercial Real Estate (116)

A new apartment development in Michigan’s capital wants to replicate for tenants the experience of living near Chicago’s Wrigley Field, the home of the Cubs baseball team.

Government officials with Kent County would like to vacate an underutilized office building in Grand Rapids’ central business district — that is, if the right proposal comes along.

Chuck Brown hopes that by moving his company a few blocks from its current location to the heart of downtown Sparta, he can tap into a movement that’s brewing in small towns across West Michigan. Brown, who acquired Cellar Brewing Co. from its founder in 2013, has started the process of renovating a recently vacated building at 133 East Division St. to be the new home to the craft brewery, distillery and winery.

Despite the obvious advantages of typical project management systems, Rockford Construction found that there were drawbacks to the “out-of-the-box” software available in the market. These systems could not be customized to each clients’ needs, the mobile device integration was not user friendly, and large downloads and frequent update installations were often required. So, they developed their own.

Real estate investor firm Clark Brothers Capital Corp. plans to buy up to 20 blighted properties in the greater Grand Rapids area over the next year and turn them into rental housing.

Shoppers at a typical big-box retailer wouldn’t think twice about walking several hundred feet from a parking spot to the store’s entrance.

A former state representative from Traverse City and a veteran of several state agencies, Kevin Elsenheimer was recently appointed to lead the Michigan State Housing Development Authority (MSHDA). As executive director, Elsenheimer said that his focus will be on three areas that MSHDA sees as its vital mission: getting people into affordable single-family and multifamily housing, addressing homelessness, and supporting community development efforts.

A push for quality space in the best areas — rather than a focus on the best price — continues to be the biggest driver of growth in West Michigan’s commercial retail estate market.

Walker-based Meijer Inc. has no current plans to shift away from its traditional big-box format in favor of smaller stores located in urban areas.

Stakeholders in Site 36, the sprawling vacant property near the intersection of 36th Street and Clay Avenue SW in Wyoming, maintain that they’re still being picky in finding the right one or two companies to develop the industrial location.

The City of Grand Rapids’ plan to use state funds to convert six parcels of underutilized property along the Grand River into green space has sparked a debate over land use and sustainable riverfront development.

A designated historic multi-family housing building in Grand Rapids’ burgeoning Cherry Hill-Heritage Hill neighborhoods has new owners.

The February announcement that California-based Trader Joe’s would open its first store in the West Michigan market created a social media frenzy and became the instant topic of watercooler conversations throughout the region.

The retail development segment typically emerges last from economic downturns. Only once construction has taken hold in the housing and industrial markets do retailers generally look to begin building again.

Jerry Zandstra aims to take the vacant, yet iconic Steelcase Pyramid in Gaines Township and transform it into a destination for education in science, technology, engineering, art and mathematics (STEAM). By next fall, the 660,0000-square-foot building is expected to begin filling up with public, private, charter and home school users looking to join a campus that Zandstra hopes will change the notion of traditional education. All schools will have autonomy, but there are a handful of requirements. Zandstra spoke with MiBiz about the project as well as how businesses in the area can leverage this new opportunity.

A push by automotive OEMs to have individual dealer stores focus on selling vehicles from one core brand or one automaker has led to the creation of a new dealership in Grand Rapids.

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