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Commercial Real Estate (218)

GRAND RAPIDS — When New Development Corp. rehabilitates older homes before selling them to qualified low-income families, the organization takes great care to remove contaminants like lead.

The uncertain future of Rivertown Crossings Mall in Grandville has cast a pall over West Michigan’s retail real estate market, where demand from new entrants is strong but places to put them remain in short supply.

A U.S. Supreme Court ruling expected this summer could either clarify or bring further uncertainty to the debate over when states can force online retailers to collect sales taxes.

MUSKEGON — A dozen years ago, after the demolition of the former Muskegon Mall, an eight-block area in the heart of downtown sat vacant, filled with sand, shells of vacant buildings and few people.

It’s been a tumultuous time for large retailers as consumers gravitate to the convenience of e-commerce and consciously shift their buying habits to local options. As these shifts continue to drive change and stress in the retail industry, many stakeholders still believe it offers significant opportunity. In separate interviews, MiBiz connected with retail advisers to gather their thoughts on the state of the industry, why it’s changing and where it’s going. They were:

The local and national retail industry faces many headwinds, but reports of its death have been greatly exaggerated.

Housing starts inch up in GR area

Written by | Sunday, 15 April 2018 20:22 |

As developers have largely focused on apartment projects around Grand Rapids in recent years, many housing advocates say the demand for single-family homes and ownership options have gone unmet.

In an era of increasing labor and material costs, Michigan contractors and building owners now face another issue that is sending construction costs higher.

GRAND RAPIDS — Proposals to upzone several Grand Rapids neighborhoods in an attempt to address housing issues have exposed deep divisions among local stakeholders.

With a historic renovation project in Detroit, a Grand Rapids-based construction management firm is positioning itself for the next step in its regional expansion.

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.

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

GRAND RAPIDS — Planners and neighborhood stakeholders believe that investing in some basic infrastructure in downtown Grand Rapids’ Heartside district could help spur equitable economic development.

GRAND RAPIDS –– After a largely procedural vote striking down a resolution to boost the inventory of public parking in Grand Rapids, city commissioners will likely reconsider the idea now that it’s gone through the proper channels.

GRAND RAPIDS –– In considering redevelopment plans for public property at 201 Market Avenue, the city weighed drastically different options.

As 2017 comes to a close, West Michigan’s construction and development industry continues to show signs of strength.

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