GRAND RAPIDS — A contaminated former gas station property in Grand Rapids will be redeveloped after being receiving brownfield funding from the Michigan Department of Environmental Quality.

GRAND RAPIDS — The Bridge Street corridor west of downtown Grand Rapids continues to serve as a magnet for new housing options.

Following the February closing of his longtime art gallery in Grand Rapids’ East Hills neighborhood, Richard App plans to open a new space in the central business district — at least temporarily.

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Urbaneer LLC, a provider of home furnishings geared toward smaller living units, has spun out of Rockford Construction Co. Inc.

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The city-owned 201 Market Ave. property in the southwest corner of downtown has drawn interest from five different development teams, city officials said today.

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Sunday, 05 March 2017 20:23

MiBiz Growth Report: March 6, 2017

Here is the MiBiz Growth Report for March 6, 2017:

• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.

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As New Holland Brewing Co. LLC ramps up a major expansion into the Grand Rapids market that’s expected to open next month, President and co-founder Brett Vanderkamp has plenty to keep his mind occupied. 

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The partners in a newly proposed grocery store in downtown Grand Rapids cite the growing number of residents and workers in the Heartside neighborhood as a sign that the city needs more food options.

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A leaked internal document outlining potential plans for development in a Grand Rapids neighborhood has created a firestorm of controversy and stoked fears of gentrification.