Western Michigan University plans to revamp the entire southern portion of its Kalamazoo campus in the next five years as part of a public-private partnership.
Construction and development professionals in West Michigan remain optimistic as they look toward 2020, even though the upcoming presidential election and ongoing talent issues are causing headwinds. While some markets might slightly change next year, industry experts who spoke with MiBiz during a recent executive roundtable said they are interested to see how downtown Grand Rapids developments will spark additional new projects. Many also noted that collaboration and partnerships are becoming key to the industry’s success.
GRAND RAPIDS — CWD Real Estate Investment Inc. want to reshape a key downtown corridor with more retail users, including storefronts and restaurants.
Even with a number of large-scale projects being built, West Michigan developers say they’re still thinking big for 2019. Multiple real estate and construction executives say they see no sign of the industry slowing down in the new year, although many believe companies’ focus could shift away from market-rate housing in downtown Grand Rapids.
Stakeholders in West Michigan’s commercial real estate, architecture and construction industries are coming off another big year for development and see few signs that indicate a significant slowdown in 2019.
With a backlog of construction projects extending out two years at Triangle Associates, Jim Conner feels “cautiously optimistic” heading into 2018. Conner says the company’s diversified clients ranging from education to health care to industrial work should keep it busy even in the event of a downturn.
Tower cranes constructing offices, hotels and apartments dot the skyline in and around downtown Grand Rapids.
Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year.
Despite entering a period of plateauing vehicle sales, West Michigan car dealers remain optimistic even as they wrestle with consolidation and the need to upgrade their facilities.
By and large, 2016 made for a record year for many in West Michigan’s commercial real estate and construction sectors.