Displaying items tagged: Orion Construction Co Inc

Prices and lead times for construction materials continue surging to historic levels, yet local architecture and construction firms say their workloads aren’t being adversely affected.

Bank lending for commercial real estate and development held steady through the first quarter as some sectors experienced high demand and others remained somewhat soft as the COVID-19 pandemic surpassed a year.

West Michigan construction firms are reporting dramatic increases in the cost of materials and project delays because of the COVID-19 pandemic, particularly in the restaurant, office and retail sectors. 

GRAND RAPIDS — A Colorado firm plans officially to open a 35,000-square-foot medical marijuana production facility next week in Oak Industrial Park, where it is in the process of harvesting its first batch of product.

GRAND RAPIDS — Construction companies and contractors are figuring out what a shelter in place order for Michigan means for their projects.

HOLLAND — Kids’ Food Basket, a Grand Rapids-based nonprofit that distributes meals for children, is expanding its efforts in Ottawa and Allegan counties.

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

Companies working in the marijuana industry are expecting a busy year in 2020, as more licensed businesses open and additional communities begin regulating recreational operations. 

GRAND RAPIDS — Nonprofits LINC Up and Dwelling Place, along with general contractor Orion Construction Co. Inc., broke ground today on the second phase of an affordable housing development in Grand Rapids’ Garfield Park neighborhood.

On the heels of a range of downtown developments coming online in recent years, Orion Real Estate Solutions saw further demand for Class A office space in Grand Rapids. 

Some housing developers in West Michigan are turning to condominiums and townhomes in targeting Millennials who are looking for more space and quieter locations. 

For a decade, mixed-used and industrial property developments have fueled West Michigan’s building boom. Now, we may be seeing the dawn of a cannabis construction era.

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. 

Orion Real Estate Solutions has signed a letter of intent with the city of Rockford to build a new boutique hotel downtown on city-owned property at 12 S. Main St.

A project to construct townhomes in the city’s Michigan Oaks neighborhood gained financial support from the state on Tuesday.

Hotel development in West Michigan remains on a torrid pace for 2019. Developers have plans to add more than 800 new rooms this year, with developments popping up in downtown Grand Rapids and in suburban areas surrounding the city. At the same time, although annual hotel occupancy dipped slightly for 2018, hotel revenue actually increased, a reflection of record room bookings.

A new effort aims to find ways to kickstart economic growth along The Rapid’s Silver Line bus route from Grand Rapids though southern Kent County.

Van Wyk Risk Solutions has signed a lease to occupy Class A office space in the new Warner Building downtown.

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. 

The rising price of steel and other building materials might cause sticker shock for some developers, but the costs are doing little to curb building activity around West Michigan.

GRAND RAPIDS — Amid Grand Rapids’ ongoing apartment-building boom, commercial real estate developers also are noticing demand for urban condominiums. 

As developers have largely focused on apartment projects around Grand Rapids in recent years, many housing advocates say the demand for single-family homes and ownership options have gone unmet.

Here is the MiBiz Growth Report for March 5, 2018:

• M&A: After nearly doubling the business over the last two and a half years, the private equity owners of Action Fabricators Inc. decided the market timing was right to find a partner to take the company to the next level. Last week, Chattanooga, Tenn.-based River Associates Investments LLC announced it had sold the Grand Rapids-based manufacturer of adhesive-backed products for the automotive and medical device industry to Boyd Corp. of Modesto, Calif. Terms of the deal were not disclosed. Action Fabricators grew revenues from around $45 million in 2015 to nearly $80 million at the time of the sale. President and CEO Jon Rudolph and the rest of the management team will stay on with the new owners. Boyd is a portfolio company of San Francisco-based Genstar Capital. Milwaukee, Wis.-based Robert W. Baird & Co. represented Action Fabricators in the deal.

GRAND RAPIDS — Proposals to upzone several Grand Rapids neighborhoods in an attempt to address housing issues have exposed deep divisions among local stakeholders.

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.

Retailers have started to open up shop in the new Fulton Square mixed-use development in Grand Rapids’ Fulton Heights neighborhood.

The higher education student housing facilities of today have come a long way from the crowded dormitories familiar to many prior generations. 

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.

With a commercial real estate development pipeline that stretches into 2019, the forecast for the industry in West Michigan remains bright. MiBiz periodically checks in on the status of proposed developments. This report highlights several projects from around West Michigan and examines where they currently sit in the development pipeline.

Here is the MiBiz Growth Report for June 26, 2017: