GRAND RAPIDS — Spectrum Health continues to scoop up property along Michigan Street east of downtown and its Butterworth Hospital campus. 

Saturday, 26 October 2019 08:47

Growth Report: Oct. 26, 2019

MiBiz Growth Report for Oct. 26, 2019.

Published in Economic Development

LUDINGTON — A Grand Rapids developer and Lansing-based nonprofit investor Michigan Community Capital are hoping to turn a donated building into apartments in Ludington.

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. 

Backed by an infusion of $55 million in federal funds, Lansing-based Michigan Community Capital plans to continue investing in mixed-income housing projects across the state. 

GRAND RAPIDS — A development partnership wants to convert the massive former Display Pack Inc. building at 1340 Monroe Ave. NW into a 310-unit affordable housing project.

GRAND RAPIDS — New ownership plans to turn Local 741 into a neighborhood bar after acquiring the site from a partnership involving an affiliate of Third Coast Development LLC. James Matthews, owner of Iron Well LLC, purchased 741 Leonard St. NW and Local 741 from Third Coast on March 20. Terms of the deal, which included Class C liquor and specialty designated merchant licenses, and the property transaction were not disclosed.

GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the funding say the program is consistently “oversubscribed,” leading to delays for new projects.

GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.

GRAND RAPIDS —  is the new owner of two more properties along the Michigan Street corridor. 

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