Real Estate/Development

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GRAND RAPIDS — Planners and neighborhood stakeholders believe that investing in some basic infrastructure in downtown Grand Rapids’ Heartside district could help spur equitable economic development.

GRAND RAPIDS –– After a largely procedural vote striking down a resolution to boost the inventory of public parking in Grand Rapids, city commissioners will likely reconsider the idea now that it’s gone through the proper channels.

GRAND RAPIDS –– In considering redevelopment plans for public property at 201 Market Avenue, the city weighed drastically different options.

As 2017 comes to a close, West Michigan’s construction and development industry continues to show signs of strength.

While inventory remains constrained, the value of commercial real estate transactions continues to gather momentum in West Michigan.

BYRON TOWNSHIP –– As Kent County looks to exit the landfill business by 2030, executives say West Michigan’s construction industry will need to adjust to a new model.

GRAND RAPIDS –– West Michigan leaders believe they made a compelling case for the region to serve as the home to online retail giant Amazon.com Inc.’s second headquarters.

GRAND RAPIDS — A West Michigan real estate firm has moved to settle a federal civil lawsuit alleging it engaged in racketeering and other fraudulent activities by charging higher rents at properties once intended for affordable housing.

As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them.

As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them.

As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them.

GRAND RAPIDS — The would-be developers of approximately 35 acres of property in southeast Grand Rapids are stepping back from their plans, at least for now.

GAINES TOWNSHIP — Technology firm Switch Inc. plans to buy the 700,000-square-foot Pyramid campus that’s home to its data center in southern Kent County, MiBiz has learned. 

The higher education student housing facilities of today have come a long way from the crowded dormitories familiar to many prior generations. 

GRAND RAPIDS — Another former MC Sports location in West Michigan could soon have a new tenant.

HOLLAND — Faced with a shortage of housing for people at various income levels, community leaders in Michigan’s fastest-growing county are exploring new ways to develop residential units.

GRAND RAPIDS — A 105,000-square-foot medical office building fully occupied by Metro Health-University of Michigan Health was acquired by new owners as part of a multi-state, 25-building property deal, MiBiz has learned.

With the retail sector undergoing seismic shifts to its traditional bricks-and-mortar business model, large malls and shopping centers continue to seek out new ways to remain relevant in the future.

GRAND RAPIDS — Citing demand for more diverse housing products, developers cautiously have started exploring whether to market new condominiums for sale in Grand Rapids’ downtown district.

MUSKEGON — Public and private partners hope to leverage existing assets as they move ahead with plans to develop a $15 million convention center in downtown Muskegon.

Spurred on by the dearth of available manufacturing space across West Michigan, developers have started to add inventory in the region by building or expanding industrial parks.

Grand Rapids may be known colloquially as Beer City, but visitors should plan to avoid walking between hip bars and eateries with a pint of local IPA, at least for the foreseeable future.

To some local economic observers, the success of the architecture and engineering industry in West Michigan serves as a microcosm of the region’s broader economy.

As West Michigan’s economy expands, planners and business owners find they’re facing a new growing pain.

GRAND RAPIDS — The new owner of Schuil Coffee Co. LLC hopes to leverage nearly two decades of experience in the packaged food and e-commerce industries to grow the 36-year-old roastery.

GRAND RAPIDS — Two large downtown sites along Division Avenue will likely remain vacant, at least for the foreseeable future.

When Brian Kelly first heard about a suburban space to move his Grand Rapids-based photography studio, he ignored the idea for one simple reason: It was in Kentwood.

While West Michigan’s affordable housing crisis may pale in comparison to situations in other larger metro areas, disparate groups are taking a hands-on approach to the problem.

GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

With a commercial real estate development pipeline that stretches into 2019, the forecast for the industry in West Michigan remains bright. MiBiz periodically checks in on the status of proposed developments. This report highlights several projects from around West Michigan and examines where they currently sit in the development pipeline.

GRAND RAPIDS — A local nonprofit real estate developer is in talks to acquire a large West and Mid-Michigan residential property portfolio from its current out-of-state owners, MiBiz has learned. 

GRAND RAPIDS — The developers of a mixed-use project being built on the southwest side of downtown just completed an $8.7 million capital raise to finalize a construction loan.

The group behind the Kent County Youth Fair will buy Deer Run Golf Club in Lowell Charter Township with plans to turn the 140-acre site into its new fairgrounds by 2020, MiBiz has learned.

Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year. 

GRAND RAPIDS — After a half-dozen staff departures and several stalled high-profile projects, 616 Development LLC has struck a new partnership to put the real estate firm back on what it sees as a growth trajectory.

MACKINAC ISLAND — Despite generally strong economic activity and considerable private sector investment, even cities like Grand Rapids struggle to keep up with increased demands for public services. 

GRAND RAPIDS — With three offers on the table to acquire its under-utilized downtown office building, Kent County officials now have a decision to make: whether to actually sell the facility at 82 Ionia Avenue NW.

As executive director of the Kent County Land Bank Authority, David Allen thinks his organization contributes to more affordable housing options in the greater Grand Rapids area.

The retail real estate sector could be on the verge of a major upheaval, beyond the near steady stream of headlines about brick-and-mortar store closures and bankruptcies in recent weeks.

A new kind of institutional investor has started to capitalize on opportunities in West Michigan.

As the city of Grand Rapids considers selling publicly-owned land, it hopes to use a new method of engaging would-be developers looking to redevelop the parcels.

As developers from around the Midwest descend on Michigan’s capital region, the Lansing area’s brownfield sites could soon become a lot less brown.

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