Real Estate/Development

GRANDVILLE — A Chicago-based developer has started construction on a 408-unit apartment development in Grandville called Rivertown Commons.

GRAND RAPIDS — A 44-unit apartment project planned along the Grand River would add to existing offices near Ann Street and U.S.-131 on the city’s north side. 

GRAND RAPIDS — The owners of the Shops at CenterPoint mall in Grand Rapids have sold the property in a $63.5 million transaction.

GRAND RAPIDS — Marketing agency 1 Bold Step LLC has purchased a small office building on Grand Rapids’ west side as company executives gradually return to more in-person work.

GRAND RAPIDS — The Grand Rapids-Kent County Convention/Arena Authority has unanimously approved a memorandum of understanding with Grand Action 2.0 for the construction of an amphitheater in downtown Grand Rapids.

Arecently published study from Up for Growth, a national housing advocacy and research group, found housing underproduction in Michigan has reached 87,491 homes — a 311-percent increase since 2012. 

The Whitmer administration’s announcement last year to reinstate prevailing wages on state projects costing more than $50,000 quickly gained support among union construction companies while opposing contractors called the policy a “waste” of public funding. 

GRAND RAPIDS — A Mill Valley, Calif.-based real estate investment trust recently purchased property in southeast Grand Rapids for $1.1 million.

GRAND RAPIDS — Plastic sheeting manufacturer Profile Films Inc. plans a major expansion at a long-vacant industrial property on Grand Rapids’ west side that was previously eyed for a large-scale cannabis growing facility.

ADA — Wheeler Development Group LLC has broken ground on a 92-unit, luxury apartment project in downtown Ada.

GRAND RAPIDS — Construction has started on a $12.2 million housing project in Grand Rapids’ Belknap Lookout neighborhood that aims to bring housing affordability to a rapidly growing area of the city. 

WALKER — Developers are eyeing nearly 60 acres of vacant land along Lake Michigan Drive in Walker’s Standale neighborhood for a large-scale, 217-unit mixed-use development. 

For more than a year, advocates representing local governments and realtors have failed to reach common ground on proposed regulations for short-term rental properties — and compromise between the two sides appears far from certain.

WALKER — Plans to turn the former DeltaPlex Arena & Conference Center into an industrial warehouse space cleared a hurdle this week as the Walker City Commission gave the final approval for rezoning the property.

GRAND RAPIDS — An event rental and planning business plans to expand its offerings in Grand Rapids by opening a 2,200-square-foot event space in the city’s Roosevelt Park neighborhood. 

A state budget deal announced last week allocates $16 million to construction training programs across the state to help combat the industry’s ongoing labor challenges.

HOLLAND — An iconic three-story former bank building in downtown Holland has sold for more than $4.4 million, MiBiz has learned.

The city of Grand Rapids’ sale of nearly 12 acres to the countywide entertainment authority to develop a riverfront amphitheater has been delayed at least six months as additional designs are completed, MiBiz has learned.

MUSKEGON — Baker College has sold its Muskegon campus to Muskegon County for $9.9 million, allowing the private nonprofit college to expand its presence downtown, school officials announced today.

GRAND RAPIDS — Developers plan to demolish two aging structures to make way for a four-story, mixed-use apartment building in Grand Rapids’ Creston Neighborhood, where business owners for years have clamored for projects but have often seen developers fail. 

GRAND RAPIDS — The co-owner of Supermercado Mexico grocery stores plans to invest $4.1 million to redevelop a vacant property into retail and office space in the city’s Roosevelt Park neighborhood.

Housing projects in Grand Rapids and Kalamazoo have received loans through the Michigan State Housing Development Authority totaling $54.8 million.

GRAND RAPIDS — Gilmore Collection plans to reopen The B.O.B. in downtown Grand Rapids after a deal to sell the venue fell through.

GRAND RAPIDS — Rockford Construction Co. is planning a seven-story, 245-unit apartment building and 310-space parking deck on Grand Rapids’ west side, MiBiz has learned. 

GRAND RAPIDS — A local real estate broker and developer plans to invest $572,000 to repurpose a vacant, two-story building on Grand Rapids’ west side for commercial use.

State House lawmakers last week advanced a four-bill package to help alleviate housing shortages statewide by incentivizing developers to build projects across varying price points.

Eight organizations in Manistee County will contribute $250,000 over the next three years to help expand nonprofit Housing North’s programming in the area.

Affordable housing and protecting greenspace are among Kent County residents’ most popular ideas for spending $127.6 million in federal COVID-19 relief funding.

Suburban Grand Rapids is experiencing a spike in activity from both longtime and relatively new multifamily housing developers who see opportunity with high demand and often readily available land.

An expanded countywide housing millage is already funding five multifamily developments in Kalamazoo County, where studies have identified a need for thousands of additional housing units.

State lawmakers this week advanced a housing bill package that seeks to make it easier for developers to build new projects and address a widespread need for housing at various price points.

Two affordable housing developments in Grand Rapids and another each in Wyoming and rural Barry County secured Low Income Housing Tax Credits in the latest round of awards for the key development funding mechanism. 

Grand Rapids-based construction management firm Owen-Ames-Kimball Co. is expanding to Colorado after several years of strategic planning.

WALKER — Visser Brothers Inc. seeks to repurpose the DeltaPlex Arena & Conference Center into an industrial warehouse site, according to documents filed with the city of Walker.

GRAND RAPIDS — Wheeler Development Group LLC has halted plans for a 39-unit, mixed-use apartment development in Grand Rapids’ Eastown neighborhood because of escalating construction costs and interest rates, MiBiz has learned.

WALKER — City planning officials have tabled the site plan review for a 186-unit residential townhouse development proposed at the former Greenridge Country Club golf course.

More Michigan businesses are offering their employees housing solutions to prepare for peak tourism season this summer as hospitality and seasonal workers continue to be priced out of living near their employer. 

Affordable housing should be a primary focus as Kent County develops a plan for spending $127.6 million in federal COVID-19 relief funding, participants said during a Thursday town hall event in Grand Rapids.

GRAND RAPIDS — Acrisure LLC is set to bring back roughly 700 employees to its new downtown Grand Rapids office under a flexible in-person work plan that’s likely to boost downtown activity while marking a positive step for commercial office space.

Cruise the Great Lakes — a consortium of local tourism agencies, cruise lines, port authorities, U.S. states and Canadian provinces — has launched a sustainability pledge for ship operators and local communities in response to increasing demand for sustainable travel options.

GRAND RAPIDS — City planning officials will soon consider a substantial component of Amplify GR’s expansive Boston Square Together project.

GRAND RAPIDS — The Sovengard’s plan to relocate roughly 1 mile away on Grand Rapids’ west side faces neighborhood opposition and parking concerns after owners already chose an alternate location because of rising construction costs.

GRAND RAPIDS — Pinnacle Construction Group Inc. plans to renovate historic buildings next to its Grand Rapids headquarters along the Grand River to create a 12-unit affordable apartment building with office space.

The Interurban Transit Partnership has received board and federal approval to purchase a $1.95 million property in Grandville for its new paratransit service operations center.

Historically high housing and fuel prices have made access to public transportation an increasingly important piece to developing much-needed affordable housing. 

WAYLAND — Gun Lake Casino today officially broke ground on its $300 million expansion that includes a 15-story hotel and multi-purpose “aquadome” enclosed pool space that will double as a nightlife venue.

A Chicago-based property management firm sees long-term opportunity in the Grand Rapids market following a pair of apartment building acquisitions in the past six months totaling more than $17 million in investment.

GRAND RAPIDS — Bazzani Building Co. has sold its recently constructed, all-electric Bradford Station apartment building in Grand Rapids for $4.65 million to a Chicago-based property management firm.