Real Estate/Development
SPONSORED BY ROCKFORD CONSTRUCTION COMPANY
GRAND RAPIDS — The Grand Rapids City Commission has approved a brownfield tax incentive plan for a 10-unit apartment project in the city’s East Hills neighborhood.
GR nonprofits seek land bank properties, state legislation to grow affordable housing stock
Written by Kate CarlsonGRAND RAPIDS — Local housing nonprofits are beginning to vet dozens of vacant properties made available through the state’s Land Bank Authority in an effort to fill the city’s need for affordable housing.
GRAND RAPIDS — Interior design company and Haworth Inc. dealer Interphase Interiors is relocating its downtown headquarters to the ground floor of a $5 million office building under construction along the Leonard Street business corridor on the city’s West Side.
GRAND RAPIDS — Genesis Non-Profit Housing Corp. is planning a multi-family housing development with 38 apartment units earmarked for affordable housing on the city’s West Side.
GRAND RAPIDS TOWNSHIP — An Indianapolis-based developer is planning a 320-unit luxury apartment complex along Beltline Avenue northeast of Grand Rapids.
GRAND RAPIDS — Idled and deteriorating industrial buildings across the city are being transformed with multimillion dollar investments to support cannabis growing operations.
GRAND RAPIDS — The Grand Rapids City Commission has approved zoning changes and a community partnership agreement meant to enforce social equity for the planned Boston Square Together mixed use development on the city’s southeast side.
GRAND RAPIDS — The Michigan Strategic Fund board has approved brownfield tax incentives totaling $4.4 million for the renovation of the Vandenberg Center in downtown Grand Rapids to transform the underutilized properties.
Hudsonville Ice Cream breaks ground on $35 million cold storage hub at Holland headquarters
By MIBIZ STAFFHOLLAND — Hudsonville Ice Cream has broken ground on a $35 million project that will add a new cold storage hub to its Holland headquarters.
GRAND RAPIDS — After the Grand Rapids City Commission voted last month to fast track recreational cannabis businesses, the U.S. Green Building Council of West Michigan recognized the city could soon see grow operations using massive amounts of energy.
Heartside GR housing development stalls after Historic Preservation Commission deadlocks
Written by Kate CarlsonGRAND RAPIDS — A developer’s plan to add a six-story affordable housing building to a historic structure in Grand Rapids’ Heartside neighborhood has stalled after failing to gain enough support from the city’s Historic Preservation Commission.
GRAND RAPIDS — Wyoming-based Grand Valley Wood Products and Surfaces of Michigan will soon relocate and consolidate operations of the commercial millwork and countertop companies in southeast Grand Rapids.
LESSONS LEARNED: GR officials ‘pivot’ after lack of incentives, infrastructure challenges doom $270M development
By KATE CARLSON, ANDY BALASKOVITZ and JOE BOOMGAARDGRAND RAPIDS — The city of Grand Rapids has walked away from a nearly $270 million proposal to redevelop prime city-owned riverfront property after its chosen developer failed to secure crucial tax incentives for the project.
The industrial sector in West Michigan has been the quickest in the real estate market to bounce back from the pandemic, nearly returning to where it was pre-COVID-19.
GRAND RAPIDS — An active Grand Rapids housing developer is planning a six-story apartment building that includes repurposing a historic structure in the downtown Heartside neighborhood.
Planned senior housing in southeast Grand Rapids faces neighborhood opposition
Written by Kate CarlsonGRAND RAPIDS — Developers are planning 48 units of senior housing on a vacant 7.3-acre property near Breton Village despite opposition from some surrounding neighbors.
GRAND RAPIDS — The city of Grand Rapids has hired an architecture firm to study the feasibility of relocating city operations from prime riverfront property near downtown that has been eyed for redevelopment for years.
When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.
GRAND RAPIDS — Artificial intelligence is growing increasingly common in the construction industry to automate mundane yet critical tasks.
GRAND RAPIDS — The city of Grand Rapids needs to add nearly 9,000 housing units over the next five years to satisfy high market demand, according to a housing needs assessment prepared for city officials.
GRAND RAPIDS — A proposed Community Partnership Agreement aims to build neighborhood support for a major redevelopment addressing housing equity on the city’s southeast side, though some local officials say the project is moving too quickly.
WAYLAND — Classic Transportation & Warehousing recently broke ground on a $5.5 million facility in Wayland next to its corporate offices.
Township halts development to seek ‘new directions’ for Plainfield Ave. corridor
Written by Kate CarlsonPLAINFIELD TWP. — Township officials have placed a one-year moratorium on single-story commercial development requests along the Plainfield Avenue corridor in an effort to reimagine the area through new zoning regulations.
GRAND RAPIDS — The Dominican Sisters-Grand Rapids have reached an agreement to redevelop an iconic part of their campus into affordable senior housing.
State, federal loans have been crucial — more help needed, property managers say
Written by Kate CarlsonProperty managers and real estate companies are seeing an increase in their commercial and retail tenants’ ability to pay rent again after accessing funding through programs including the Paycheck Protection Program.
GRAND RAPIDS — After months of an empty DeVos Place Convention Center because of the COVID-19 pandemic, restaurants could soon be operating from the space on a temporary basis.
Spectrum Health adds to land acquisitions around new Grand Rapids development
Written by Kate CarlsonGRAND RAPIDS — Spectrum Health has acquired two more properties in the Monroe North business district to use for its future Center for Transformation and Innovation campus development.
GRAND RAPIDS — The historic Sobota building on Grand Rapids’ West Side that was previously a grocery store, tavern and restaurant will continue as a coworking space after recently completed renovations by a new owner.
Construction firms bounce back, remain wary of long-term effects from pandemic
Written by Kate CarlsonMichigan had the largest percentage increase in construction jobs among dozens of states from April to May, as firms rebounding from COVID-19 are showing cautious optimism in hopes of the overall economy following suit.
KENTWOOD — A Cleveland-based developer with properties elsewhere in Michigan has made its first entry into the greater Grand Rapids market with the purchase of an industrial complex from office furniture maker Knoll Inc.
GRAND RAPIDS — Spectrum Health has added to its growing list of property acquisitions northeast of downtown and near its Butterworth Hospital campus.
Citing financial struggles, UICA to sell building, move to Kendall College campus
Written by Kate CarlsonGRAND RAPIDS — The Urban Institute for Contemporary Arts plans to relocate and sell its building at 2 Fulton St. SW after financially struggling to maintain the facility over the last few months during the COVID-19 pandemic and state shutdown.
MUSKEGON — The former B.C. Cobb coal plant on Muskegon Lake is anticipated to be “one of the top marine port terminals” on the Great Lakes after officials announced today the site’s remediation and sale to a new owner.
GRAND RAPIDS — The Hinman Co.’s 13-story, 140,000-square-foot hotel located at 10 Ionia Ave. NW in downtown Grand Rapids is expected to be completed two months later than anticipated because of construction delays stemming from COVID-19.
GRAND RAPIDS — A developer is scaling back plans for a mixed-use affordable senior housing project near downtown and is no longer seeking a commercial tenant at the space.
Lawsuit claims Amazon demolished part of GR warehouse before backing out of project
Written by Kate CarlsonGRAND RAPIDS — A property investment company is suing Amazon.com Services LLC after the online retailer allegedly demolished portions of a warehouse property in Grand Rapids and caused about $10 million in damages before backing out of a lease agreement.
Providing different ways to shop and making customers feel as safe as possible remains the focus for retailers as they gradually work to reopen their stores.
GRAND RAPIDS — The Grand Rapids-Kent County Convention/Arena Authority is hitting pause on a task force that is considering the feasibility of building a new convention center hotel and adding a large-scale amphitheater in the city’s downtown.
GRAND RAPIDS — A New York City-based developer has proposed a 240-unit affordable housing complex along Lake Michigan Drive on the city’s west side.
Integrated Architecture begins $2M renovation to move headquarters to Monroe North
Written by Kate CarlsonGRAND RAPIDS — Integrated Architecture LLC is starting construction this week to renovate a 13,600-square-foot building north of downtown into its new headquarters.
GRAND RAPIDS — Woodland Mall will reopen June 1 with new protocols in place, including limited access and occupancy to comply with state regulations, mall officials announced today.
GRAND RAPIDS — A downtown public restroom set to break ground this week in the Grand Rapids Heartside district is meant to benefit all community members, but will also help address longstanding concerns from neighboring businesses.
Midwest Realty stays nimble to react to coming commercial real estate evolution
Written by Joe BoomgaardPORTAGE — The COVID-19 pandemic has accelerated a series of changes that could fundamentally shift the commercial real estate market in the months ahead.
After a day filled with showing commercial space to a potential client, Bryan Bench felt like his professional life had briefly returned to what it was before the disruption that came with the global COVID-19 pandemic.
State board approves funding for Lansing mixed-use project, Cass County public improvements
Written by Kate CarlsonThe Michigan Strategic Fund approved financing today for a range of economic development initiatives, including brownfield tax incentives for a major mixed-use project in Lansing and public improvements in Cass County.
KENTWOOD — Packaging Compliance Labs LLC is investing $2.57 million to expand its headquarters in the greater Grand Rapids area.
GRAND RAPIDS — Real estate workers in West Michigan returned to in-person activities on May 7 after being halted for six weeks because of the COVID-19 outbreak.