GRAND RAPIDS — Integrated Architecture LLC plans to move its headquarters from Kentwood to the burgeoning North Monroe neighborhood just north of downtown Grand Rapids.
The West Michigan architecture and engineering firm has an option to acquire a nearly century-old, 13,600-square-foot building at 840 Ottawa Ave. NW and convert it into open office space, according to documents filed with the Grand Rapids Downtown Development Authority. The firm also plans a small addition to the southwest corner of the building.
An Integrated Architecture-affiliated entity, IA840 LLC, is seeking an Obsolete Property Rehabilitation Exemption (OPRE) that would save it about $22,000 per year on its taxes. All told, Integrated Architecture plans to invest just short of $1.5 million into the property.
The City Assessor has declared the property to be “functionally obsolete,” according to city documents. The Henningsen family trust owns the property, according to Kent County property records.
Groups including the Monroe North Business Association and the Neighbors of Belknap Lookout neighborhood association provided letters of support for the proposed renovation.
The property falls within the boundaries of the DDA and the Monroe North Tax Incremental Financing (TIF) Authority.
The board of the DDA will hear the request at its monthly meeting on Wednesday morning.
Mike Corby, executive vice president with Integrated Architecture, did not immediately respond to a request for comment.