GRAND RAPIDS — Tribally-owned Gun Lake Investments is making an active push into the West Michigan commercial real estate market with an investment in a high-profile redevelopment and three property acquisitions so far this year, MiBiz has learned.
After helping save one historic building from the wrecking ball and rehabilitate it into usable office space, the Inner City Christian Federation is looking to do “an encore performance.”
Since 2011, median home prices have increased by nearly 70 percent while per capita income went up by only 11 percent. Now, Deanna Rolffs, vice president of housing and family services at ICCF, has a waitlist of more than 700 families who are in need of safe, affordable housing. Going into 2019, she thinks community leadership and collaboration could be the key to solving the region’s housing crisis.
GRAND RAPIDS — Nine proposed affordable housing projects in West Michigan have been awarded tax credits.
GRAND RAPIDS — Five distinct areas of Grand Rapids’ southside likely will soon have an Area Specific Plan (ASP) to help guide development.
GRAND RAPIDS — A Grand Rapids nonprofit is beginning efforts to create a land trust that will allow for low-income home ownership in the city’s core neighborhoods.
GRAND RAPIDS — The Bridge Street corridor west of downtown Grand Rapids continues to serve as a magnet for new housing options.
GRAND RAPIDS — A change in policy implemented earlier this month by the City of Grand Rapids could boost inventory for affordable housing organizations.
West Michigan commercial real estate industry insiders see signs of a genuinely healthy market, albeit one that’s likely plateaued.
The $14.5 million acquisition of 177 homes in the Grand Rapids and Lansing areas required a “leap of faith” from Ryan VerWys and his team at the Inner City Christian Federation (ICCF).