Michigan Real Estate News

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New Apartment Building Proposed for Detroit’s Midtown

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Greatwater Opportunity Capital has proposed a new four-story, 57-unit apartment building next to the existing fire-damaged Brainard Apartments. After a February 2020 fire, Greatwater acquired the Brainard Apartments and the site next to it that is home to two unused solar panel arrays. The panels once supplied some electricity to the Brainard Apartments, but since the fire, the panels have stayed off. The developer is almost finished with the Brainard Apartments’ rehabilitation. Greatwater plans to remove the solar panels to make way for the new building that will include studio and one-bedroom apartments as well as ground-floor commercial space.

 

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.