Sydney Smith

Sydney Smith

Staff Writer, covers real estate and economic development
Twitter: @BizSyd
Email: [email protected]

Manufacturing holding company Andronaco Industries Inc. plans to relocate its Conley Composites LLC subsidiary from Oklahoma to a new location in Kent County.

MARNE — McCann Industries Inc. will expand to Michigan with a new facility currently under construction in Marne. The equipment and construction supply sales company hopes to open the new location in September, said James Maioho, Michigan branch manager for McCann.

Developers hope to begin construction this summer on housing and commercial space at a former church on the west side of Grand Rapids.

GRAND RAPIDS — Legislation expected to be reintroduced this session could address the question of whether downtown residential property owners should help pay for the services currently funded only by assessments on commercial businesses. Although former Gov. Rick Snyder vetoed similar legislation, lawmakers could revive bills this year that would allow local taxing authorities to decide whether residential owners in business improvement districts should also pay the assessments that commercial property owners pay. 

Hotel development in West Michigan remains on a torrid pace for 2019. Developers have plans to add more than 800 new rooms this year, with developments popping up in downtown Grand Rapids and in suburban areas surrounding the city. At the same time, although annual hotel occupancy dipped slightly for 2018, hotel revenue actually increased, a reflection of record room bookings.

When Steve Huizenga seeks to recruit the next generation of tradespeople, he stresses to young candidates that the industry is “not your grandpa’s trade” anymore. Huizenga, president of Allied Mechanical Services Inc., a Grand Rapids-based mechanical contracting firm, said promoting the technology used in the construction trades has been key in recruiting men and women to join his company.

Trillium Ventures MSV LLC, a Grand Rapids-based multifamily investment and property management firm, has acquired two Kalamazoo apartment complexes.

Pending finalization of the building’s purchase agreement, Gaia Cafe and the Division Avenue Arts Collective LLC have a clearer path to opening in Grand Rapids’ Creston neighborhood.

GRAND RAPIDS — Three Grand Rapids women on a mission to “keep Creston funky” have entered into a partnership to bring back Gaia Cafe and The Division Avenue Arts Collective LLC, this time in the city’s north quarter neighborhood. The partners are under contract to purchase a vacant 4,972-square-foot building at 1553 Plainfield Ave. NE, which has commercial space on the ground floor and a two-bedroom apartment on the second level.

GRAND RAPIDS — A strip shopping center along 28th Street has new owners. Grand Central Plaza, located at 2035 28th St. in Grand Rapids, was sold to an undisclosed Michigan-based firm, according to NAI Wisinski of West Michigan.

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