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Sunday, 08 December 2013 20:30

Cascade Twp. housing development to break ground this month

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Concept Design created the renderings for the Ridges of Cascade apartment complex LaCati Group plans to build on 24 acres at the former Centennial Country Club. The plans call for a total of 240 units all featuring attached garages and high-end furnishings. Concept Design created the renderings for the Ridges of Cascade apartment complex LaCati Group plans to build on 24 acres at the former Centennial Country Club. The plans call for a total of 240 units all featuring attached garages and high-end furnishings. COURTESY RENDERING

A 24-acre parcel of Cascade Township property at the former Centennial Country Club is slated for one of the largest housing developments in years for the Grand Rapids suburb.

Developer Chad Cassiday’s LaCati Group LLC last month purchased the site from Tom Beckering, owner of Meadowood Development Corp. and former owner of Pioneer Construction Co.

LaCati Group’s development plan for the Ridges of Cascade project calls for 240 high-end, condo-style apartment units built in two phases on the former Centennial Country Club located off Charlevoix Drive near 28th Street and I-96.

“This will be the single-biggest residential development to hit the Cascade/Ada area in 40 years,” Cassiday said.

With a groundbreaking anticipated for Dec. 12, half of the two-dozen, 10-unit buildings are expected to be completed by the end of 2014. The developer aims for the second phase to be finished by 2015.

During the 1970s and 1980s, Beckering’s firm originally developed and built the Centennial Country Club site, which includes an office park and condominiums. The company went before the planning commission in July with a proposed $35 million, 250-unit plan before selling the property to LaCati.

The current plan from LaCati is revised from the project Meadowood initially proposed. Cassiday said he worked behind the scenes with Meadowood in the initial planning process for about a year before purchasing the property and taking over the development.

Floorplan designs for the new project include one-bedroom, two-bedroom and three-bedroom apartments with rents ranging from $1,000 to $2,000 per month. All units have attached garages, quartz countertops, nine-foot ceilings, hardwood plank floors, custom kitchens and in-unit laundry.

The units will provide “quality living … in an intimate, serene community setting,” Todd Oosting, executive vice president of construction manager CD Barnes Construction, said in a statement.

Grand Rapids-based Concept Design is serving as architect on the project.

Formerly known as Heritage Management, LaCati Group has been focused on multi-family and single-family residential developments for the last 14 years in greater Grand Rapids.

“I’ve done this kind of suburban apartment development before, and through my research, I saw there was a need for this type of project in the Forest Hills School District,” said Cassiday, who also owns LaCati Custom Homes in Grand Rapids. “I knew of the opportunity at the country club and was looking for a site, and it just happened that the timing worked out with the sale of my other properties.”

MiBiz recently reported that Cassiday sold an eight-property portfolio of apartment buildings in and around downtown Grand Rapids for $10.3 million. Heritage Collection LLC, an investment group set up by East Lansing-based Maple Grove Property Management LLC, purchased the properties, which have a combined 131 units.

The proceeds from that sale are getting rolled into the roughly $30 million Ridges of Cascade apartment project, Cassiday said.

“The product is different, but it’s a need in the market that hasn’t been filled,” he said. “It fits with what the Cascade community and the condo associations were looking for.”

The project already has a reservation list, Cassiday said.

The entire 85-acres sites has a number of other parcels slated or under contract for various developments, including additional condos, a day care facility and single-family homes, Cassiday said.

Residential builder Sable Homes of Rockford also confirmed it purchased five half-acre lots at the Centennial site. The firm plans to build five homes that will sell in the $250,000 range. Two basements are in place so far, according to a spokesman.

Read 4996 times Last modified on Monday, 09 December 2013 13:07

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