Michigan Real Estate News

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Switch Expands Former Steelcase Pyramid Site

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The former Steelcase Pyramid site south of Grand Rapids is facing a major expansion. Switch, the Las Vegas-based data storage company, is excavating at the Steelcase Pyramid campus in Gaines Township.  It’s building a 312,000-square-foot building separate from the Pyramid.  The project includes a 1,000-square-foot pump house.  Work on the expansion site began in the spring, with the concrete foundations expected to be poured before the snow flies. The cost of the project, its contractor and completion date have yet to be disclosed. According to Switch’s second-quarter earnings report, it allocated $800,000 toward site preparation.

 

Grand Rapids Planning Commission Approves Plans For Multi-Use Development

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The Grand Rapids City Planning Commission approved plans for The McConnell, a 432-unit apartment, restaurant and retail building south of downtown Grand Rapids. The project plans will reuse an existing industrial building in addition to new construction. The commission unanimously approved special land use and optional  plan review requests for the project. The special land use request was for a reduction in required parking, alcohol sales and consumption, live entertainment, banquet functions and outdoor seating. The developers of the project include Chicago-based Krika Development, Boston-based Spire Investment Properties and Suitepeople, based in McLean, Virginia.

 

 

Indiana-Based Developer Plans Multifamily Townhome Development in Grand Rapids

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Thompson Thrift Residential, based in Terra Haute, Indiana, is planning a 344-unit multifamily luxury townhome rental community in Wyoming, a Grand Rapids suburb. The developer spent $5.4 million on 28.5 acres in July. The development will be comprised of one- to four-bedroom  townhome apartments, some with attached garages and private yards.  The complex will include resort-style common areas including a clubhouse, swimming pool, gym, pickle ball courts and a dog park. Thompson Thrift Residential is motivated by the shortage of multifamily development, ;last year’s double-digit employment growth and the 40% increase in home values that have outpriced many first-time home buyers.