Displaying items tagged: 616 Lofts LLC

GRAND RAPIDS — A large mixed-use development in Grand Rapids’ active Monroe North business district, along with an adjacent parcel and nearby parking lot open for future development, sold for $22.6 million at the end of 2022.

GRAND RAPIDS — A second site tied to a failed development firm in Grand Rapids’ Creston neighborhood is attracting interest from a new developer.

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 — Derek Coppess, the founder of the bankrupt 616 Lofts LLC who has faced a string of lawsuits related to various development entities, has run into another legal challenge, this time from his former legal advisers. 

GRAND RAPIDS — A little more than a year after his flagship company removed him as a manager and declared bankruptcy, developer Derek Coppess has re-emerged on the scene with a new real estate venture. 

GRAND RAPIDS — Partners including the founder of now-bankrupt 616 Lofts LLC have launched a new venture that is proposing a mixed-use housing development in Grand Rapids’ Creston neighborhood.

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.

One of the most active development and property management firms in Grand Rapids in the years after the Great Recession now faces liquidation, MiBiz has learned.

GRAND RAPIDS — The non-gaming arm of the Nottawaseppi Huron Band of the Potawatomi has acquired a downtown building for its headquarters as it looks to grow its federal contracting business, MiBiz has learned. 

Here is the MiBiz Growth Report for April 17, 2017.

• M&A: Dallas-based America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of the company’s larger acquisition strategy. The Texas company closed on the deal April 1. Both West Michigan Auto Auction and Interstate 94 Vehicle Auction were owned by Carl Miskotten, who will remain as the general manager of both facilities, according to a report in Auto Remarketing. Prior to the deal, America’s Auto Auction acquired seven facilities from Baton Rouge, La.-based Auction Broadcasting Co. in January 2017. The company operates a total of 21 auction locations across the U.S. Terms of the deal were not disclosed.

GRAND RAPIDS — Developers behind a $140 million movie theater and mixed-use district south of Van Andel Arena want to expand the project to include a new office tower and hotel, MiBiz has learned.

BATTLE CREEK — Over the last year, the Cereal City has experienced its share of bad headlines.

GRAND RAPIDS — If 2016 was the year of planning for myriad multi-family residential projects around West Michigan, 2017 seems to be the year for execution.

Mike VanGessel likes to talk about the “why” behind his company’s decision to invest in the long-neglected west side neighborhood of Grand Rapids.

To help make Michigan more attractive for large-scale real estate developments, lawmakers want to give developers new options to help fund their projects.

The Highland Group of Grand Rapids LLC, a digital marketing firm headquartered in the Cherry Hill neighborhood, has earned certified B Corporation status, according to a statement.

The list of most-read stories on MiBiz.com for the first half of 2016 has a decidedly real estate and retail-related theme.  

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Traverse City-based craft beer bar and restaurant 7 Monks Taproom has unveiled plans for a Grand Rapids location along the growing Michigan Street corridor.

GRAND RAPIDS — Realizing that a movie theater would not work as a standalone project in downtown Grand Rapids, J.D. Loeks knew that he needed to broaden the scope of his long-planned development.