GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

GRAND RAPIDS — Offering shorter lease terms and increased flexibility to tenants may seem counterintuitive to executives in the office development and property management sector. 

The Michigan Economic Development Corp. plans to “re-evaluate” a gap financing mechanism that commercial real estate professionals say has played a crucial role in the redevelopment of key corridors across West Michigan. 

Published in Economic Development