Displaying items by tag: Third Coast Development LLC
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.
GRAND RAPIDS — A development partnership wants to convert the massive former Display Pack Inc. building at 1340 Monroe Ave. NW into a 310-unit affordable housing project.
GRAND RAPIDS — New ownership plans to turn Local 741 into a neighborhood bar after acquiring the site from a partnership involving an affiliate of Third Coast Development LLC. James Matthews, owner of Iron Well LLC, purchased 741 Leonard St. NW and Local 741 from Third Coast on March 20. Terms of the deal, which included Class C liquor and specialty designated merchant licenses, and the property transaction were not disclosed.
GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the funding say the program is consistently “oversubscribed,” leading to delays for new projects.
GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.
A recent investment in a Grand Rapids office complex could serve as the template for what executives hope will become a new platform for West Michigan real estate investment.
Gordon Food Service Inc. plans to open a retail store along the burgeoning Michigan Street corridor, MiBiz has learned.
GRAND RAPIDS — The old adage that development follows transit has proven slow to materialize along the Silver Line bus rapid transit (BRT) route through southern Kent County.
GRAND RAPIDS — Demand remains strong for urban apartments, although occupancy rates for the burgeoning market have begun to slip as new units come online.