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Commercial Real Estate (218)

GRAND RAPIDS — A development group hopes that a small mixed-use project will fill a long-time hole in the city’s Heartside neighborhood south of downtown, MiBiz has learned.

A recent investment in a Grand Rapids office complex could serve as the template for what executives hope will become a new platform for West Michigan real estate investment.

GRAND RAPIDS — Red Oak Capital GP LLC wants to capitalize on the strong economy by seeking investors for a new fund that will offer senior lines of credit for commercial real estate deals.

PLAINFIELD TOWNSHIP — West Michigan’s retail sector continues to attract investment from outside the state amid an active real estate market.

WALKER — City planners hope to encourage downtown-style urbanism in the years ahead along a key suburban commercial corridor northwest of Grand Rapids.

Numerous public and private entities have turned their focus to restoring the Grand River through downtown Grand Rapids. While the new efforts remain in the early stages, they have the potential to redefine how West Michigan’s largest city interacts with its riverfront. In this multi-part report by reporter Nick Manes, MiBiz examines what the restoration process could mean for future investment, past and current projects, and a case study of how one Great Lakes city used its riverfront to concentrate redevelopment. 

West Michigan commercial real estate industry insiders see signs of a genuinely healthy market, albeit one that’s likely plateaued. 

GRAND RAPIDS — Efforts to restore the rapids in the Grand River might be a year or more away from launching, but stakeholders already have started thinking about opportunities the project will create throughout downtown.

City planners and other stakeholders are refocusing on revitalizing the Grand River in downtown Grand Rapids. However, that focus isn’t entirely new. An analysis done by MiBiz finds the Grand River corridor in and around downtown has received around three quarters of a billion dollars in public and private investment since the mid 1980s. Projects like the DeVos Place Convention Center, River House Condominiums and The Homes at River’s Edge have embraced the proximity to the river as an asset, even given its largely passive state. Here’s a look at some of the major projects. 

In anticipation of a multifaceted effort to restore the Grand River through downtown Grand Rapids, numerous public and private partners are coming together to activate a number of key sites along the riverbanks.

MILWAUKEE — As a wide variety of stakeholders push forward with revitalizing the Grand River corridor through downtown Grand Rapids, they have no shortage of other cities they can look to for best practices.

Grand Rapids officials contend they’re open to bringing the medical marijuana industry to the city, but the zoning proposed for businesses in the new sector seems to suggest otherwise. 

A long-stalled development proposal in the Creston neighborhood north of downtown Grand Rapids is on the hunt for new owners.

News that The Hinman Co. plans to move forward with its long-planned tower in downtown Grand Rapids — albeit without 29 floors of residential units — indicated to many observers that the bottom has fallen out of the city’s apartment market.

As West Michigan law firms focus on talent recruitment and greater efficiencies, they increasingly are upgrading to modern, first-generation office space. 

GRAND RAPIDS –– New data on hotel rates across the Midwest offered some sobering analysis on the cost of a room in downtown Grand Rapids.

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