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Displaying items tagged: Land & Co

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Grand Castle Apartments secures $48 million bridge loan
Sunday, 17 November 2019 18:22

Grand Castle Apartments secures $48 million bridge loan

GRANDVILLE — The Grand Castle LLC has secured a $48.3 million bridge loan from Maryland-based real estate finance firm Walker & Dunlop Inc.

Published in Real Estate/Development
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The polarizing Grand Castle apartment complex in Grandville features 522 units and amenities including free parking, a pool and fitness center. The concrete structure’s modular construction and scale allowed developers to deliver units at rents in the range of $1-$1.40 per square foot, well below the rates for newer apartments in and around downtown Grand Rapids. Executives at property management firm Land & Co. say they have about 325 people on a waiting list for the property, while about 50 people have put money down on an apartment at the Grand Castle.
Saturday, 18 August 2018 17:34

Stately quarters or royal mess? Polarizing Grand Castle embodies developer’s dream for luxury living

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

Published in Real Estate/Development
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West Michigan’s construction and development industry looks back on a year full of highs, and the uncertainties ahead.
Sunday, 27 November 2016 16:18

Projects to watch: Developments take shape across West Michigan

WEST MICHIGAN — 2016 has featured a flurry of commercial real estate news, in a year that’s been defined by dwindling vacancies for developers and rising costs for end users. 

Published in Real Estate/Development
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