Friday, 11 January 2019 09:47

Developer 616 Lofts files for bankruptcy

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.

Pioneer Construction Co. will serve as construction manager for the city’s renovation of VandenBerg Plaza, known commonly as Calder Plaza.

The proposed sale of a site on the west bank of the Grand River could offer the property’s next owner a chance to fulfill some community goals for the city’s waterfront.

Executives at nonprofit development organizations think the dissolution of the Kent County Land Bank Authority will affect their operations, even if some of the specific effects will remain unknown until the agency is officially closed.

The Greenwich Hospitality Group has acquired a northern Michigan beachside resort hotel.

KALAMAZOO — A market aims to “fill the void of groceries” for those living in downtown Kalamazoo.

Even with a number of large-scale projects being built, West Michigan developers say they’re still thinking big for 2019. Multiple real estate and construction executives say they see no sign of the industry slowing down in the new year, although many believe companies’ focus could shift away from market-rate housing in downtown Grand Rapids. 

Rex Bell has served as president of Miller-Davis Co. for the last 22 years and has never seen a worker shortage like the company faces today. It’s a problem he expects to continue throughout 2019. With a busy year ahead for the Kalamazoo-based general contracting firm that focuses on higher education, K-12, nonprofit and industrial projects, he hopes for a renewed focus on training by companies and encouraging high school students to go into skilled trades.

For Housing Next Executive Director Ryan Kilpatrick, 2018 has been about laying the groundwork to get more affordable housing online in Ottawa County. Next year is “where the rubber hits the road,” when more than 600 new housing units will come online, with more yet in the pipeline, Kilpatrick said. Since January, Kilpatrick has worked with multiple municipalities to increase the amount of affordable housing in the county. He expects more tangible results to emerge in 2019. 

Ask Planning Director Mike Franzak what’s going on in Muskegon right now, and he can rattle off a long list of projects either under construction or well into the planning stages. There’s so much activity, in fact, that the lakeshore city has started to think about issues like parking facilities after the many vacant former Muskegon Mall parcels downtown have been developed. 

Page 6 of 9