Displaying items tagged: Franklin Partners LLC
Grand Rapids neighborhood rebounds from failed developments with new sense of optimism
GRAND RAPIDS — Less than a decade ago, the Creston Neighborhood was positioned to be “that next hot spot” in the city of Grand Rapids. A developer planned two mixed-use housing projects in the neighborhood’s business district, spurring other businesses to plan for expansion or relocating to the neighborhood.
New owner to close Wyoming call center acquired from Booking.com
WYOMING — A Booking.com call center in Wyoming that was acquired by a global customer experience service provider early this year will close and lay off all 226 employees next month, according to filings with the state.
Industrial, multifamily residential remain ‘darlings’ for commercial real estate lending
Lending to the commercial real estate sector remained strong through the first quarter, particularly for manufacturing and multifamily residential developments.
$40M grant program would help downtowns recover from remote work shift
As companies take varied approaches to in-person and remote work, commercial real estate experts generally agree that office square footage needs will likely shrink with the adoption of more hybrid workspaces.
West Michigan office forecasts vary as quality spaces remain in demand
Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong.
‘LONG TIME COMING’: Franklin Partners purchases 74-acre Site 36 in Wyoming for future industrial redevelopment
WYOMING — Franklin Partners LLC has purchased the sprawling former General Motors stamping plant in Wyoming known as Site 36 for $5.25 million and plans to build a new industrial development on the property.
Litigation, vacant spaces: How COVID-19 is shifting commercial real estate
When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.
‘FLIGHT TO QUALITY:’ Amenity-rich Class A office space still in demand in GR, suburban markets
GRAND RAPIDS — The opportunity to lease brand new office space in the heart of downtown Grand Rapids offered Van Wyk Risk Solutions the chance to grow into a new location.
Wyoming remains patient with Site 36 redevelopment
WYOMING — A 92-acre shovel-ready industrial property sits empty about five miles south of downtown Grand Rapids, even amid a shortage of available manufacturing spaces across West Michigan.
Crystal Ball 2019 Real Estate & Development Outlook: Despite talent crunch for contractors, development firms expect strong 2019
Even with a number of large-scale projects being built, West Michigan developers say they’re still thinking big for 2019. Multiple real estate and construction executives say they see no sign of the industry slowing down in the new year, although many believe companies’ focus could shift away from market-rate housing in downtown Grand Rapids.
Developer cancels downtown GR office project amid low demand
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.
Franklin Partners puts North Monroe industrial building on the market
The owner of a 370,000-square-foot vacant industrial building north of downtown Grand Rapids has decided to put it on the market.
Franklin Partners unveils plans for proposed GR office tower
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.
Strength of West Michigan real estate industry should carry over into 2018
As 2017 comes to a close, West Michigan’s construction and development industry continues to show signs of strength.
Shoot for the moon: In pitch to Amazon, Grand Rapids area shows it ‘punches above its weight’
GRAND RAPIDS — Officials from West Michigan acknowledge the region must overcome long odds in its bid to win the economic development sweepstakes for Amazon.com Inc.’s HQ2 project.
West Michigan industrial developers embrace new uses
Spurred on by the dearth of available manufacturing space across West Michigan, developers have started to add inventory in the region by building or expanding industrial parks.
Documents show significant changes for proposed downtown GR theater project
After more than a year of behind-the-scenes work, the developers of the proposed $140 million mixed-use movie theater project south of Van Andel Arena plan to step back into the spotlight this week.
With new joint venture, 616 Development positions for the future
GRAND RAPIDS — After a half-dozen staff departures and several stalled high-profile projects, 616 Development LLC has struck a new partnership to put the real estate firm back on what it sees as a growth trajectory.
Kent County again weighs selling downtown GR office building
GRAND RAPIDS — With three offers on the table to acquire its under-utilized downtown office building, Kent County officials now have a decision to make: whether to actually sell the facility at 82 Ionia Avenue NW.
3 developers bid on Kent County-owned downtown Grand Rapids office building
Kent County received three wide-ranging bids earlier this week for its 104,000-square-foot downtown office building at 82 Ionia Ave. NW.
Data enterprise: West Michigan grows as hub for call centers, data centers
Driven by relatively affordable real estate and a diverse workforce, the West Michigan region has become a growing hub for call centers, administrative back offices and — to a lesser extent — data centers.
Sources: Office tower, hotel proposed for Downtown GR movie theater district
GRAND RAPIDS — Developers behind a $140 million movie theater and mixed-use district south of Van Andel Arena want to expand the project to include a new office tower and hotel, MiBiz has learned.
Franklin Partners to lead development at former GM Stamping Plant known as Site 36
Stakeholders looking to redevelop one of West Michigan’s most storied industrial sites and attract high-quality manufacturing jobs have brought on a new partner.
Developers see mixed messages in downtown Grand Rapids office market
GRAND RAPIDS — Facing a dearth of high-amenity space in the downtown Grand Rapids market, commercial real estate stakeholders hope developers can soon begin to add Class A office inventory.
Franklin Partners walks away from Keeler Building deal in downtown Grand Rapids
The last major vacant building in the core of downtown Grand Rapids will remain empty, at least for the foreseeable future.
Kendall College opts out of plan to acquire Kent County-owned building
A previous plan by Kendall College of Art and Design to acquire and redevelop a Kent County-owned building will not go forward.
$50M in deals for two office buildings not the norm in downtown GR
GRAND RAPIDS — Commercial real estate brokers say the sale of two fully-leased, recently renovated office buildings in downtown Grand Rapids points to a healthy local economy, even if the transactions are far from the norm.
Developers, brokers find opportunity in West Michigan commercial real estate, despite concerns of overheating
Despite a global economic slowdown and fears of overheating in major markets, stakeholders in West Michigan’s commercial real estate industry say current regional indicators continue to show signs of a healthy market.
Franklin Partners details plans for Keeler Building redevelopment
Naperville, Ill.-based Franklin Partners LLC, a development and property management firm with offices in Grand Rapids, says it plans a complete internal makeover at the Keeler Building, a 102-year-old building at 56 North Division Ave. that it signed an option to acquire in January.
Franklin Partners sells two downtown Grand Rapids properties
Development and property management firm Franklin Partners LLC has sold its two downtown office properties, according to principal Don Shoemaker.