Sydney Smith

Sydney Smith

Staff Writer, covers real estate and economic development
Twitter: @BizSyd
Email: [email protected]

A bipartisan group of lawmakers in Lansing hopes to revive Michigan’s historic preservation tax credit, which they say will encourage redevelopment in communities across the state. Bills introduced in the state Senate and House earlier this year would reinstate a tax credit of up to 25 percent for rehabilitation expenses on historic properties.

The closure of two recycling drop-off locations in West Michigan highlights the need for the industry to focus on operational efficiency at a time when margins are shrinking. But recycling advocates say the loss of access stemming from the two closures could act as a deterrent in the push to increase Michigan’s recycling rate, which is about 15 percent and ranks among the bottom of all U.S. states.

ALPINE TOWNSHIP — Dunneback Fruit Farm LLC aims to offer customers something new in addition to the fruits and vegetables grown at the multi-generational family farm. The business will use fruits, hops and other products from the farming operation to make beer, wine and cider and serve them in an on-site tasting room at 3025 6 Mile Road NW.

WACO Classic Aircraft Corp. is expanding its headquarters and operations in Southwest Michigan.

Private prison operator Geo Group Inc. plans to reopen its closed North Lake Correctional Facility in Baldwin.

CWD Real Estate Investment Inc. is nearing completion on a project that will offer offices in a historic building in downtown Grand Rapids.

The Waldron Public House, owned and operated by BarFly Ventures LLC, will be transformed into a three-story tiki bar and restaurant this summer.

MUSKEGON — Federal guidance on a new incentive program designed to encourage investment in economically-distressed communities comes at an opportune time for Muskegon. Amid an ongoing wave of redevelopment in the city, property investors looking to shield some gains from taxes now have new ways to redeploy their capital and seek returns via Opportunity Zones.

GRAND RAPIDS — As Michigan’s second-largest city continues to grow and developers scoop up the remaining developable vacant land, it’s likely that some Grand Rapids residents who rent homes in desirable neighborhoods could face being displaced.

An “upscale casual restaurant” and wine tasting room is planning to open in Kentwood this summer.

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