GRAND RAPIDS — A long vacant parking lot at the northeast corner of Wealthy Street and Fuller Avenue could see new life.
AEK Properties LLC has filed documents with the city that highlight plans for a mixed-use infill development project at the site that would include 23 apartments, approximately 2,300 square feet of ground floor retail and 16-on site parking spaces.
The documents filed with the city show that the four-story project will offer a mix of units ranging from less than 300 square feet to two-bedroom apartments of 596 square feet.
The project’s architect, Mike Corby, confirmed the details to MiBiz.
“We thought four stories would fit there because it’s a corner and the homes in the area are a little bit taller,” said Corby, executive vice president with Grand Rapids-based architecture firm Integrated Architecture.
Steve Bratschie, the project’s developer and an attorney with Grand Rapids law firm Bratschie & Born P.C., said he hopes that the smaller units will allow for more affordable rents but he said the project is still too preliminary to have specific numbers available.
The approximately $4 million infill project requires approval from the city’s Historic Preservation Commission. The principals will present the project to the HPC on an advisory level in early-November.
The developers said they would seek final approval in either December or January and hope to begin construction in the spring or summer of 2017.
The proposed project will join a number of other mixed-use developments currently underway along Wealthy Street, including 1059 Wealthy St. and 616 Development’s proposed redevelopment of the Kregel Building near Wealthy and Eastern Avenue.
Integrated Architecture is the architect for both of those projects.
“I think Wealthy Street has been trending well for three-to-five years,” Corby said. “Retailers are really looking at Wealthy to become a very viable commercial district.”