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Friday, 30 August 2013 13:34

Aug. 30, 2013: Start Garden changes funding format; Wolverine Building Group to break ground on East Lansing development

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Aug. 30, 2013: Start Garden changes funding format; Wolverine Building Group to break ground on East Lansing development COURTESY RENDERING

Grand Rapids-based pre-seed fund Start Garden announced today that it will no longer invest in two companies per week, opting instead for a “hybrid process,” according to a press release. Start Garden said its funding activity, which to date amounts to more than $4 million in 156 deals, is “ahead of schedule” and that it has invested in more deals in the $25,000 to $99,000 range than it expected. The fund, which opened in April 2012, said the public will continue to endorse deals on Start Garden’s website, but it will only choose one idea to receive the investment. This week, Start Garden invested $5,000 each in FlipsiBottle, an easily cleaned reusable drinking bottle, and The Elf Factory, the public-endorsed idea for a holiday school program to make gifts for parents. [3:40 p.m.]

Grand Rapids-based construction management firm Wolverine Building Group is set to break ground on a new, high-end, mixed-use development in East Lansing. The company is partnering on the $33 million project with development firm Capstone Companies and Dugan Nequette Architects. The 529,000-square-foot building features 282 residential units, 7,545-square-feet of retail and clubhouse space and a two-story 595-space parking ramp. Construction is expected to finish by July 2014.

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