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Nick Manes

Nick Manes

Staff writer

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GRAND RAPIDS –– When developer Franklin Partners LLC brings its proposed seven-story downtown office tower to market in the coming years, it will offer tenants Class A office space that’s currently in short supply across the city.

WYOMING — Tucked away in a nondescript warehouse in a Grand Rapids suburb, hundreds of custom-built computer servers are at work 24 hours per day, seven days per week.

With a string of acquisitions completed early in the year, executives at Meritage Hospitality Group Inc. (OTCQX: MHGU) say they will be on the lookout for the right transactions, but also take some time to integrate their recent deals.

One of the largest proposed developments in downtown Grand Rapids in recent years took a significant step forward on Thursday.

Three proposed Grand Rapids developments have received more than $2.7 million in federal tax credits for the creation of affordable housing units.

For the fourth time since 2014, the Grand Rapids Downtown Market has asked permission to keep paying only the interest on its loans tied to a state economic development incentive as it seeks to restructure its debt load.

Sunday, 21 January 2018 13:08

Q&A: Ryan Kilpatrick, Ottawa Housing Next

Ryan Kilpatrick hopes to lend his experience in economic development to a new housing initiative in Ottawa County. After four years as a senior community assistance specialist at the Michigan Economic Development Corp., Kilpatrick departed from the organization this month to become the first executive director of Ottawa Housing Next, a public-private partnership tasked with bringing more affordable housing options to Ottawa County, the state’s fastest growing municipality. Before making the transition, Kilpatrick spoke with MiBiz about how the organization hopes to tackle the need for affordable housing in the lakeshore community.

The $14.5 million acquisition of 177 homes in the Grand Rapids and Lansing areas required a “leap of faith” from Ryan VerWys and his team at the Inner City Christian Federation (ICCF).

Mayors and city officials across Michigan consider economic development a top priority in their communities, but they tend to put more emphasis on placemaking and quality of life than jobs and entrepreneurship.

GRAND RAPIDS — Demand remains strong for urban apartments, although occupancy rates for the burgeoning market have begun to slip as new units come online. 

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