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Commercial Real Estate (188)

GRAND RAPIDS — Citing demand for more diverse housing products, developers cautiously have started exploring whether to market new condominiums for sale in Grand Rapids’ downtown district.

MUSKEGON — Public and private partners hope to leverage existing assets as they move ahead with plans to develop a $15 million convention center in downtown Muskegon.

Spurred on by the dearth of available manufacturing space across West Michigan, developers have started to add inventory in the region by building or expanding industrial parks.

Grand Rapids may be known colloquially as Beer City, but visitors should plan to avoid walking between hip bars and eateries with a pint of local IPA, at least for the foreseeable future.

To some local economic observers, the success of the architecture and engineering industry in West Michigan serves as a microcosm of the region’s broader economy.

As West Michigan’s economy expands, planners and business owners find they’re facing a new growing pain.

GRAND RAPIDS — Two large downtown sites along Division Avenue will likely remain vacant, at least for the foreseeable future.

When Brian Kelly first heard about a suburban space to move his Grand Rapids-based photography studio, he ignored the idea for one simple reason: It was in Kentwood.

While West Michigan’s affordable housing crisis may pale in comparison to situations in other larger metro areas, disparate groups are taking a hands-on approach to the problem.

GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

Real estate projects to watch

Written by | Sunday, 09 July 2017 14:37 |

With a commercial real estate development pipeline that stretches into 2019, the forecast for the industry in West Michigan remains bright. MiBiz periodically checks in on the status of proposed developments. This report highlights several projects from around West Michigan and examines where they currently sit in the development pipeline.

GRAND RAPIDS — A local nonprofit real estate developer is in talks to acquire a large West and Mid-Michigan residential property portfolio from its current out-of-state owners, MiBiz has learned. 

GRAND RAPIDS — The developers of a mixed-use project being built on the southwest side of downtown just completed an $8.7 million capital raise to finalize a construction loan.

The group behind the Kent County Youth Fair will buy Deer Run Golf Club in Lowell Charter Township with plans to turn the 140-acre site into its new fairgrounds by 2020, MiBiz has learned.

Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year. 

GRAND RAPIDS — After a half-dozen staff departures and several stalled high-profile projects, 616 Development LLC has struck a new partnership to put the real estate firm back on what it sees as a growth trajectory.

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