GRAND RAPIDS — Public and private partners have signed a long-term lease that will pave the way the development of a medical innovation building and parking structure at Michigan State University’s Grand Rapids Research Center campus.
Orion Real Estate Solutions has signed a letter of intent with the city of Rockford to build a new boutique hotel downtown on city-owned property at 12 S. Main St.
BATTLE CREEK — Restore 269 LLC’s plans to redevelop a historic three-story building in downtown Battle Creek got a boost from the state last week. The company, owned by Battle Creek residents Cody and Caitlynn Newman, aims to renovate a 19,000-square-foot building at 15 Carlyle Street for a brewery and taproom on the first floor, a technology office with a web design company and shared work space on the second floor, and an event space on the third floor.
GRAND RAPIDS — The Grand Rapids Planning Commission denied the first application for a medical marijuana business that it considered under the city’s new medical marijuana zoning. The decision provided a clear message to other applicants who will come before the Planning Commission in the coming weeks: Be prepared and follow the rules.
LANSING — With developer Gillespie Group’s Block600 project nearly a month into its core construction phase, Lansing’s Stadium District is expected to be ground zero for new commercial development.
A partnership headed by Portage-based Hollander Development Corp. plans to transform a vacant lot in Kalamazoo into a new mixed-use building under a proposal that secured state backing.
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.
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.
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.
GRAND RAPIDS — Studio Park developers announced Tuesday that five retailers and a restaurant will be included in the development.
New York-based real estate development and management firm RD Management LLC plans to convert a former Muskegon-area shopping center into a mixed-use development.
Professional services firm BDO USA LLP has relocated its service center to a Franklin Partners LLC building at 5300 Patterson Avenue in Grand Rapids, the development firm announced today.
Until a couple of years ago, environmental assessments for property transactions did not include checking for PFAS contamination. Now, it has become standard practice in areas that have confirmed contamination with the family of industrial chemicals. According to legal experts who work in the real estate industry, both buyers and sellers need to complete due diligence when it comes to properties contaminated with PFAS.
GRAND RAPIDS — Ahead of the impending dissolution of the Kent County Land Bank Authority, the city of Grand Rapids and the Michigan Land Bank are working to form a partnership to allow the local agency’s services to continue under the state banner.
WALKER — Industrial technology and electrical services firm Feyen Zylstra LLC plans to invest $5.3 million in a new facility in Walker.
KALAMAZOO — Campus Advantage Inc., a student housing management company based in Austin, Texas, has taken over management of a property in Kalamazoo, near Western Michigan University.
GRAND RAPIDS — A development partnership wants to convert the massive former Display Pack Inc. building at 1340 Monroe Ave. NW into a 310-unit affordable housing project.
GRAND RAPIDS — RDV Corp. is planning a transformation of a former Fifth Third Bank building in downtown Grand Rapids where it announced in December it would move its headquarters.
GRAND RAPIDS — Developers for the new Studio Park entertainment district have resurrected plans to add an office building at the project, MiBiz has learned. Olsen Loeks Development LLC of Grand Rapids, in partnership with Studio C, says it will develop a new $30 million office development at 100 Ottawa SW in Grand Rapids.
GRAND RAPIDS — City planners hope a road diet along the Michigan Street corridor will move traffic more efficiently and help reduce crashes The road diet, planned for this spring, will extend from College Avenue to Eastern Avenue on the northeast side of Grand Rapids. Modifications include changing the striping configuration to create one travel lane in either direction and a center left-turn lane, plus a parking lane on the south side of the road.
GRAND RAPIDS — New ownership plans to turn Local 741 into a neighborhood bar after acquiring the site from a partnership involving an affiliate of Third Coast Development LLC. James Matthews, owner of Iron Well LLC, purchased 741 Leonard St. NW and Local 741 from Third Coast on March 20. Terms of the deal, which included Class C liquor and specialty designated merchant licenses, and the property transaction were not disclosed.
The Kent County Road Commission has voted to deny a more than $5 million bid for its Central Complex property along the Grand River
GRANDVILLE — Mall owner Brookfield Property Partners LP has purchased the former Younkers store at RiverTown Crossings in Grandville. The purchase came as part of A&G Realty Partners’ auction of 10 department store properties formerly owned by Milwaukee-based The Bon-Ton Stores Inc., which filed for Chapter 11 bankruptcy protection in 2018. The Younkers location at The Lakes Mall in Fruitport Charter Township near Muskegon was also included in the auction.
GRAND RAPIDS — To help curb fears of gentrification, a local nonprofit and an Ohio-based developer have partnered on an affordable housing development on the city’s southeast side. Ohio-based MVAH Development LLC, a development, construction and property management firm, is working with LINC UP on the proposed Eastern Lofts at 623 Eastern Ave. SE. The two hope to secure Low Income Housing Tax Credits (LIHTC) from the Michigan State Housing Development Authority (MSHDA) in the April funding round.
A vacant church in Grand Rapids’ Heritage Hill neighborhood could be transformed into affordable housing by next year.
VICKSBURG — A proposed large-scale redevelopment in Southwest Michigan is angling to be the second project in the state to use a new funding tool. Paper City Development LLC is hopeful its proposal will meet the Michigan Strategic Fund’s criteria to use the state’s transformational brownfield program, an incentive first enacted in 2017.