With vacancy rates across all commercial real estate sectors at near record lows in West Michigan, industry executives say buyers have increasingly turned their attention to vacant land.
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.
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.
GRAND RAPIDS — Proposals to upzone several Grand Rapids neighborhoods in an attempt to address housing issues have exposed deep divisions among local stakeholders.
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.
Longtime surface parking lots in the city’s downtown central business district continue to give way to a new, large-scale development.
GRAND RAPIDS — If 2016 was the year of planning for myriad multi-family residential projects around West Michigan, 2017 seems to be the year for execution.
Orion Construction Inc. and The Gilmore Collection broke ground today on the long-planned Venue Tower project that will bring 88 new apartments and a music venue to the corner of Fulton Street and Monroe Avenue in Grand Rapids.