Displaying items tagged: CWD Real Estate Investment Inc

GRAND RAPIDS — Restaurant operator Essence Restaurant Group LLC, which owns The Green Well, Bistro Bella Vita and Grove in Grand Rapids, is now taking over Lucy’s, a breakfast, brunch and coffee bar concept in the Creston neighborhood. 

WALKER — City planning officials have tabled the site plan review for a 186-unit residential townhouse development proposed at the former Greenridge Country Club golf course.

A Chicago-based property management firm sees long-term opportunity in the Grand Rapids market following a pair of apartment building acquisitions in the past six months totaling more than $17 million in investment.

Here is the MiBiz Growth report for May 9, 2022:

GRAND RAPIDS — The Rowe, a downtown Grand Rapids mixed-use building formerly owned by the DeVos family office, recently sold for $19.6 million to a California-based real estate firm.

GRAND RAPIDS — Barrio, a Cleveland-based taco chain with multiple locations in Michigan, is expected to open this spring on the first floor of the historic Helmer Building in downtown Grand Rapids.

GRAND RAPIDS — Terra Bagels LLC is expanding with a second location, branching out from the city’s Eastown neighborhood to a downtown Grand Rapids storefront at the Michigan Trust Building that was previously occupied by Ferris Coffee & Nut Co.  

HOLLAND — Fifth Third Bank is looking to sell its historic branch building in downtown Holland.

Owners of historic homes and buildings will soon be able to apply for funding through a newly reinstated state tax credit for historic preservation projects that was eliminated in 2011 as part of former Gov. Rick Snyder’s tax reform strategy.

GRAND RAPIDS — Spectrum Health has purchased the Brass Works Building on Monroe Avenue north of downtown and is scaling back plans for the construction of a new office building on adjacent land, MiBiz has learned.

GRAND RAPIDS — The Michigan Strategic Fund board has approved brownfield tax incentives totaling $4.4 million for the renovation of the Vandenberg Center in downtown Grand Rapids to transform the underutilized properties.

GRAND RAPIDS — Spectrum Health continues to amass more properties in the Monroe North business district near its planned Center for Transformation and Innovation, MiBiz has learned. 

GRAND RAPIDS — Wheeler Development Group’s proposed mixed-use tower could help the city accomplish several goals for the downtown area. 

GRAND RAPIDS — Wheeler Development Group has proposed transforming a city-owned parking lot into a $55 million 24-story tower in downtown Grand Rapids.

GRAND RAPIDS — CWD Real Estate Investment Inc. want to reshape a key downtown corridor with more retail users, including storefronts and restaurants.

The state will help fund the cleanup of a contaminated former dry cleaner in Wyoming to make way for a redevelopment project.

The DeVos family office announced Monday that it has agreed to purchase a vacant office building in downtown Grand Rapids.

GRAND RAPIDS — With minimal “velocity” in the West Michigan office market, Franklin Partners LLC has backed away from plans to construct a $30 million, 100,000-square-foot glass and steel office project on the south end of downtown. 

GRANDVILLE –– Amid an apartment building boom across West Michigan, the Grand Castle stands out in ways few other projects do.

GRAND RAPIDS — Efforts to restore the rapids in the Grand River might be a year or more away from launching, but stakeholders already have started thinking about opportunities the project will create throughout downtown.

GRAND RAPIDS –– New data on hotel rates across the Midwest offered some sobering analysis on the cost of a room in downtown Grand Rapids.

GRAND RAPIDS –– When developer Franklin Partners LLC brings its proposed seven-story downtown office tower to market in the coming years, it will offer tenants Class A office space that’s currently in short supply across the city.

Sam Cummings will be the first to acknowledge that he’s got a lot of office and retail space to fill in downtown Grand Rapids next year, with redevelopment work underway at 50 Monroe Ave. NW and unspecified plans in the coming years for the downtown Fifth Third Bank campus, which has been dubbed Vandenberg Center. Cummings says CWD plans to work diligently over the next year to attract large corporate users, bring more activity to ground-floor spaces and focus on the fundamentals of real estate development.

GRAND RAPIDS — Citing demand for more diverse housing products, developers cautiously have started exploring whether to market new condominiums for sale in Grand Rapids’ downtown district.

Michigan’s House and Senate may be in recess for most of the summer, but legislative issues continue to percolate. Advocates continue their work to move forward a range of legislation, including bills that would bring back tax credits for the redevelopment of historic buildings and another that would curb a controversial tax loophole. MiBiz checked in on the status of the two packages.

As the city of Grand Rapids considers selling publicly-owned land, it hopes to use a new method of engaging would-be developers looking to redevelop the parcels.

Bank of America’s planned move to a new regional office in downtown Grand Rapids comes as the bank seeks to grow its West Michigan presence.

A long-planned hotel north of downtown Grand Rapids will begin construction tomorrow.

Bank of America plans to lease 40,000 square feet of space at 250 Monroe NW in Grand Rapids as the bank looks to grow its market presence in the region.

The Grand Rapids Downtown Development Authority board this morning agreed to provide tax increment financing to support a mixed-use hotel development in the core downtown business district.