Real Estate/Development

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GRAND RAPIDS — A contaminated former gas station property in Grand Rapids will be redeveloped after being receiving brownfield funding from the Michigan Department of Environmental Quality.

Watermark Properties announced today that it will purchase Macatawa Legends Golf Club in Holland.

GRAND RAPIDS — Nine proposed affordable housing projects in West Michigan have been awarded tax credits.

With vacancy rates across all commercial real estate sectors at near record lows in West Michigan, industry executives say buyers have increasingly turned their attention to vacant land.

Stakeholders in West Michigan’s commercial real estate, architecture and construction industries are coming off another big year for development and see few signs that indicate a significant slowdown in 2019. 

WALKER — Falk North America Inc. is the latest company to plan a move into WalkerView Industrial Park. 

GRAND RAPIDS — Five distinct areas of Grand Rapids’ southside likely will soon have an Area Specific Plan (ASP) to help guide development. 

GRANDVILLE — A 20-year-old mall in southwestern Kent County could potentially turn into a mixed-use “mini-city,” or be repositioned for a sale.

HUDSONVILLE — With a significant number of available jobs in the U.S. and persistently low national unemployment, companies looking for workers will struggle in 2019.

The DeVos family office announced Monday that it has agreed to purchase a vacant office building in downtown Grand Rapids.

GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.

GRAND RAPIDS — A Grand Rapids nonprofit is beginning efforts to create a land trust that will allow for low-income home ownership in the city’s core neighborhoods.

Two major Southwest Michigan development projects are moving forward after receiving approval for state incentives.

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. 

An East Lansing property management firm closed this week on a deal to buy a 107-unit apartment building just east of downtown.

A New York City investment firm has scooped up two apartment complexes southwest of Grand Rapids in a series of deals totaling more than $215.3 million, MiBiz has learned.

GRAND RAPIDS — Downtown could soon see its first African American-owned bar and restaurant in years.

GRAND RAPIDS —  is the new owner of two more properties along the Michigan Street corridor. 

GRAND RAPIDS — Changes involving a pair of West Michigan commercial real estate brokerages could signal future growth opportunities for the firms, sources say. 

GRAND RAPIDS — A broad group of stakeholders on Thursday unveiled conceptual plans for re-designing public spaces on both banks of the Grand River through downtown Grand Rapids.

GRAND RAPIDS — The Bridge Street corridor west of downtown Grand Rapids continues to serve as a magnet for new housing options.

EAST LANSING — Martin Commercial Properties Inc., an East Lansing-based commercial real estate brokerage with a Grand Rapids office, will end its 20-year affiliate relationship with CBRE Inc. at the end of this year.

GRAND RAPIDS — With minimal “velocity” in the West Michigan office market, Franklin Partners LLC has backed away from plans to construct a $30 million, 100,000-square-foot glass and steel office project on the south end of downtown. 

Four business expansions in West Michigan that will collectively generate $110.3 million in investment and create more than 280 jobs earned state incentives today.

Bradley Co. LLC wants to bolster its presence in West Michigan’s commercial real estate market via a new acquisition.

GRAND RAPIDS — A development group hopes that a small mixed-use project will fill a long-time hole in the city’s Heartside neighborhood south of downtown, MiBiz has learned.

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.

GRAND RAPIDS — Red Oak Capital GP LLC wants to capitalize on the strong economy by seeking investors for a new fund that will offer senior lines of credit for commercial real estate deals.

PLAINFIELD TOWNSHIP — West Michigan’s retail sector continues to attract investment from outside the state amid an active real estate market.

WALKER — City planners hope to encourage downtown-style urbanism in the years ahead along a key suburban commercial corridor northwest of Grand Rapids.

GRANDVILLE –– Amid an apartment building boom across West Michigan, the Grand Castle stands out in ways few other projects do.

The rising price of steel and other building materials might cause sticker shock for some developers, but the costs are doing little to curb building activity around West Michigan.

Numerous public and private entities have turned their focus to restoring the Grand River through downtown Grand Rapids. While the new efforts remain in the early stages, they have the potential to redefine how West Michigan’s largest city interacts with its riverfront. In this multi-part report by reporter Nick Manes, MiBiz examines what the restoration process could mean for future investment, past and current projects, and a case study of how one Great Lakes city used its riverfront to concentrate redevelopment. 

West Michigan commercial real estate industry insiders see signs of a genuinely healthy market, albeit one that’s likely plateaued. 

GRAND RAPIDS — Efforts to restore the rapids in the Grand River might be a year or more away from launching, but stakeholders already have started thinking about opportunities the project will create throughout downtown.

City planners and other stakeholders are refocusing on revitalizing the Grand River in downtown Grand Rapids. However, that focus isn’t entirely new. An analysis done by MiBiz finds the Grand River corridor in and around downtown has received around three quarters of a billion dollars in public and private investment since the mid 1980s. Projects like the DeVos Place Convention Center, River House Condominiums and The Homes at River’s Edge have embraced the proximity to the river as an asset, even given its largely passive state. Here’s a look at some of the major projects. 

In anticipation of a multifaceted effort to restore the Grand River through downtown Grand Rapids, numerous public and private partners are coming together to activate a number of key sites along the riverbanks.

MILWAUKEE — As a wide variety of stakeholders push forward with revitalizing the Grand River corridor through downtown Grand Rapids, they have no shortage of other cities they can look to for best practices.

Grand Rapids officials contend they’re open to bringing the medical marijuana industry to the city, but the zoning proposed for businesses in the new sector seems to suggest otherwise. 

The emergence of PFAS contamination in Kent County’s Plainfield Township and at other sites in Michigan and around the world has environmental consulting firms racing to catch up. Grand Rapids-based Fishbeck Thompson Carr & Huber Inc. (FTC&H) recently opened a new division aimed at addressing PFAS issues. Dr. Fernanda Wilson, the practice’s environmental engineering lead, spoke with MiBiz about the widespread issues with the chemicals, which for decades were used for industrial purposes, fire-fighting foam and consumer goods.

A long-stalled development proposal in the Creston neighborhood north of downtown Grand Rapids is on the hunt for new owners.

GRAND RAPIDS — Amid Grand Rapids’ ongoing apartment-building boom, commercial real estate developers also are noticing demand for urban condominiums. 

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