Real Estate/Development

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EAST GRAND RAPIDS — It’s likely Derby Station’s former restaurant space in Gaslight Village will fill quickly with another business. 

GRAND RAPIDS — Three years ago when Central District Cyclery owner Nate Phelps moved his business from downtown Grand Rapids into the Creston business district, he was banking on an influx of new residents and activity that would support his bicycle shop.

GRAND RAPIDS — Kent County commissioners will again discuss what to do with a county-owned office building in downtown Grand Rapids, as well as other building projects, as it decides what to fund in the next few years.

JENISON — Trillium Investments LLC, a Grand Rapids-based multifamily investment and property management firm, has acquired the 160-unit Cottonwood Forest Apartments in Jenison.

GRAND RAPIDS — SpendMend LLC is the newest tenant at Cascade Office Park, Portage-based The Hinman Co. announced Friday.

Backed by an infusion of $55 million in federal funds, Lansing-based Michigan Community Capital plans to continue investing in mixed-income housing projects across the state. 

After two decades with the city of Grand Rapids, most recently as managing director of design, development and community engagement, Suzanne Schulz plans to leave the public sector for an urban planning practice leader position at Grand Rapids-based Progressive AE Inc. Schulz will work her last day at the city on Sept. 6.  In her current role, Schulz is in a powerful position to oversee development projects throughout the city, especially after a period of strong growth in the years after the Great Recession. Schulz spoke with MiBiz about how changes in land development practices have affected the city, and what she is most looking forward to in the private sector.

Officials studying commuter transit options between Grand Rapids and Holland are hoping to make West Michigan more competitive when it comes to talent attraction.

WYOMING — A 92-acre shovel-ready industrial property sits empty about five miles south of downtown Grand Rapids, even amid a shortage of available manufacturing spaces across West Michigan.

GRAND RAPIDS — The opportunity to lease brand new office space in the heart of downtown Grand Rapids offered Van Wyk Risk Solutions the chance to grow into a new location. 

KALAMAZOO — Western Michigan University has the green light to begin selling parcels in the second phase of its Business Technology and Research Park.

GRAND RAPIDS — Office furniture dealer and custom manufacturer Custer Inc. has opened a pair of new showroom spaces in West Michigan.

GRAND RAPIDS — Priority Health is considering its next moves for two properties adjacent to its corporate headquarters at Leonard Street and East Beltline Avenue.

BATTLE CREEK -- Battle Creek Unlimited Inc. (BCU) has been awarded $2 million by the W.K. Kellogg Foundation to establish and administer funds to make improvements to downtown Battle Creek. 

MUSKEGON — A large new housing development in Muskegon has gained support from the city government.

GRAND RAPIDS — The Grand Rapids-Kent County Convention/Arena Authority has hired a consultant to lead the process of weighing concepts for developing a full-service hotel to serve the downtown convention center. 

GRAND RAPIDS — Citing high occupancy in the city’s parking facilities and a long waitlist for monthly parking passes, Grand Rapids is considering plans to build two new parking decks to expand options for downtown workers.

GRAND RAPIDS — Moving into a larger ground-floor space in the prominent Harris Building on South Division Avenue gave a boost to business at Little Space Studio LLC.

GRAND RAPIDS — Tribally-owned Gun Lake Investments is making an active push into the West Michigan commercial real estate market with an investment in a high-profile redevelopment and three property acquisitions so far this year, MiBiz has learned. 

The Michigan State Housing Development Authority announced this week that two West Michigan projects secured funding via the Low Income Housing Tax Credits (LIHTC) program.

KALAMAZOO — The Kalamazoo-based Jim Gilmore Jr. Foundation has been awarded a grant from the Michigan Economic Development Corp. to add housing to downtown Kalamazoo.

The latest brewery to receive a $200,000 incentive from Battle Creek Unlimited Inc. has been identified publicly for the first time.

The Michigan Land Bank Fast Track Authority is seeking proposals to redevelop the former state-run Deerfield Correctional Facility in Ionia. 

BATTLE CREEK — Targeted incentives are paving the way for renewed vibrancy in Battle Creek’s downtown district.

MUSKEGON — Building on the success of the Western Market chalets and other developments, Muskegon officials continue to look for ways to expand retail offerings, support budding entrepreneurs and attract shoppers.

The retail industry finds itself at a crossroads of many diverging influences. 

Despite a range of threats and challenges, including very low vacancy rates market-wide, West Michigan’s traditional shopping corridors continue to thrive. 

BENTON HARBOR — As real estate activity picks up in Southwest Michigan, officials in the Benton Harbor area are hoping a developer will take interest in renovating a historic downtown building. 

After serving as executive director of Habitat for Humanity of Kent County for seven years, BriAnne McKee will work her last day on June 20 and move with her family to Boise, Idaho. 

GRAND RAPIDS — US Signal Co. LLC began construction this week on a new data center in Van Buren Township, between Detroit and Ann Arbor.

GRAND RAPIDS — Public and private partners have signed a long-term lease that will pave the way the development of a medical innovation building and parking structure at Michigan State University’s Grand Rapids Research Center campus.

Orion Real Estate Solutions has signed a letter of intent with the city of Rockford to build a new boutique hotel downtown on city-owned property at 12 S. Main St.

BATTLE CREEK — Restore 269 LLC’s plans to redevelop a historic three-story building in downtown Battle Creek got a boost from the state last week. The company, owned by Battle Creek residents Cody and Caitlynn Newman, aims to renovate a 19,000-square-foot building at 15 Carlyle Street for a brewery and taproom on the first floor, a technology office with a web design company and shared work space on the second floor, and an event space on the third floor.

LANSING — With developer Gillespie Group’s Block600 project nearly a month into its core construction phase, Lansing’s Stadium District is expected to be ground zero for new commercial development.

GRAND RAPIDS — The Grand Rapids Planning Commission denied the first application for a medical marijuana business that it considered under the city’s new medical marijuana zoning. The decision provided a clear message to other applicants who will come before the Planning Commission in the coming weeks: Be prepared and follow the rules.

A partnership headed by Portage-based Hollander Development Corp. plans to transform a vacant lot in Kalamazoo into a new mixed-use building under a proposal that secured state backing.

Continental Linen Services Inc. is wrapping up the first phase of expansion at its Kalamazoo headquarters as it plans to break ground next week on a new office to serve customers in Northern Michigan.

Compliance One LLC of Kalamazoo has acquired Rockton, Ill.-based Keyes Life Safety Compliance LLC.

After helping save one historic building from the wrecking ball and rehabilitate it into usable office space, the Inner City Christian Federation is looking to do “an encore performance.”

GRAND RAPIDS — In selling shares in the design and construction management firm he started 23 years ago, Guy Bazzani begins to wind down a lengthy career that had a significant influence on the green building movement in West Michigan. Bazzani Building Co. is among the pioneers locally of design and building principles and practices that follow a Triple Bottom Line philosophy that blends economic, social and environmental sustainability.

A bipartisan group of lawmakers in Lansing hopes to revive Michigan’s historic preservation tax credit, which they say will encourage redevelopment in communities across the state. Bills introduced in the state Senate and House earlier this year would reinstate a tax credit of up to 25 percent for rehabilitation expenses on historic properties.

The closure of two recycling drop-off locations in West Michigan highlights the need for the industry to focus on operational efficiency at a time when margins are shrinking. But recycling advocates say the loss of access stemming from the two closures could act as a deterrent in the push to increase Michigan’s recycling rate, which is about 15 percent and ranks among the bottom of all U.S. states.

GRAND RAPIDS — The new owner of Bazzani Building Co. in Grand Rapids plans to maintain the company’s niche focus of sustainable design and construction Investment firm ASA Group LLC, based in Granger, Ind., near South Bend, closed in late April on the acquisition of a majority stake in Bazzani Building, a design and construction management company that over more than two decades established a niche and reputation for its sustainable business practices.

CWD Real Estate Investment Inc. is nearing completion on a project that will offer offices in a historic building in downtown Grand Rapids.

The Waldron Public House, owned and operated by BarFly Ventures LLC, will be transformed into a three-story tiki bar and restaurant this summer.

GRAND RAPIDS — As Michigan’s second-largest city continues to grow and developers scoop up the remaining developable vacant land, it’s likely that some Grand Rapids residents who rent homes in desirable neighborhoods could face being displaced.

An “upscale casual restaurant” and wine tasting room is planning to open in Kentwood this summer.

GRAND RAPIDS — Studio Park developers announced Tuesday that five retailers and a restaurant will be included in the development.