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Grand Rapids Booms With New Projects

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Grand Rapids is close to a achieving a record number of new developments. Despite supply chain issues, inflated costs and interest rates, and labor shortages, the city reported big numbers for new private investment in 2021. According the Grand Rapid’s Economic Development Director, it’s set to outpace 2021’s record again this year. Although its 2022 outcomes won’t be reported until the first quarter of 2023, the data is obvious. Although the city wants to retain the companies that have found their home in Grand Rapids and attract new ones, its biggest issue is an a housing shortage across all price points. Nine projects are in the works for 2023, promising to bolster Grand Rapids’ economy. They include business incubators, a community kitchen, co-working and retail spaces, a healthcare facility and a few affordable housing projects.

 

Fort Ponchartrain Hotel’s Second Tower Plans Revisited

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Investor group, Operadora de Servicio Para Hoteles de Lujo, is revisiting the idea of building a second hotel tower on the Fort Pontchartrain hotel in downtown Detroit.  They recently issued a request for proposals for an economic feasibility study fro a 390-room addition to the property. The addition would include 40 for-sale condominiums. There have been plans to build a second tower for the hotel for years. The plans go as far back as 2015. They were abandoned until 2018 when 498 rooms across a 28-story expansion were proposed. At that time, the hotel was called the Crowne Plaza Downtown Detroit Riverfront. At that time, the Detroit City Council called for a neutrality agreement for a labor union to represent hotel workers. In 2021, the hotel’s ownership renamed it Fort Pontchartrain, a Wyndham Hotel, and reopened the Top of the Pontch restaurant.

 

Gun Lake Tribe Plans Development on U.S. 131

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The Match-E-Be-Nash-She-Wish Band of Potawatomi Indians (the Gun Lake Tribe) has begun a six-month planning process for a development on 1,200 acres along U.S. 131 in Allegan County. The tribe has been buying land for years, with most of the acreage between 133rd and 128th avenues on the east side of U.S. 131.  The development could bring retail, housing, health care, manufacturing, entertainment and dining establishments. The tribe and Gun Lake Investements (the tribe’s non-gaming economic development arm) hired St. Charles WBK Engineering to oversee the planning. The planning process will help the tribe evaluate non-gaming opportunities for the site.

 

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.

 

 

Saugatuck’s Clearbrook Golf Course Has New Owners

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The new owners of Saugatuck’s Clearbrook Golf Course have no concrete plans for changes to the course other than small aesthetic amendments like burying overhead power lines. Minnesota Vikings quarterback Kirk Cousins and his wife, Julie, view their purchase as a way to invest in the community and plan to maintain the golf course which has been in place since 1926. The purchase did not include the Grill Room Restaurant. Jim and Candy Jeltema will continue as owners of the restaurant. Although they no longer own the golf course, the Jeltemas will continue to operate it.

 

Sterling Heights City Council Approves Lakeside Mall Redevelopment Plan

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Following two hours of discussion, the Sterling Heights City Council approved a redevelopment plan that will raze Lakeside Mall.  The proposed Lakeside Town Center project will include 150,000 new square feet of retail and dining space. Miami-based Out of the Box Ventures will tear down the shopping center and replace it with more than 2,800 residential units, and new retail, office and hotel space over the course of 12 years. The project has a $1 billion price tag. A $45 million public bond will be issued to pay for public infrastructure improvements at the site located at Hall and Schoenherr roads.

 

New Costco Business Center Is On The Horizon

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The planned Costco Business Center in Southfield is one step closer to happening. Southfield City Council approved Contour Companies LLC’s sale of the property at the southwest corner of the former Northland Center site. When complete, it will be Michigan’s first Costco Business Center. The center would be geared toward small businesses, restaurants and the hospitality industry. Michigan’s Costco Business Center would be one of 15 located in the United States. Project demolition has started, and framework for the buildings has begun. The overall plan will bring more than 2,800 housing units to the site.

 

Developer Plans Lakeside Mall Transformation

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It is expected that Sterling Heights City Council will vote on Tuesday on Lionheart Capital’s “Lakeside City Center” proposal for the Lakeside Mall. The mixed-used development plan includes residences, parks, a hotel and office space, and retail and dining space. The Miami developer says the project could provide an estimated $1 billion to the region over a ten-year span. The property on Hall and Schoenherr roads will host more than 2,800 multi-family apartments (including some senior housing, and 150,000 square feet of retail and dining space, 60,000 square feet of office space, as well as a 120-room hotel. About 30 acres will be donated to the city for park, streetscape and infrastructure.

 

 

432-Unit High Rise Planned For Grand Rapids

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Spire Investment Properties and Krika Development are proposing 432 market-rate apartments at the southern edge of downtown Grand Rapids. The McConnell is a 10-story, 336,835-square-foot development that covers three lots. The two out-of-state investors hope to build a food hall, microbrewery or distillery, an outdoor lot for food trucks and shipping container-retail  stores. The development would spread over three parcels. They have not disclosed the project’s budget. The developers are seeking special land-use approval from the Grand Rapids Planning Commission to sell alcohol, food and retail at the site.

 

Downtown’s Merchants Building Slated For Redevelopment

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Method Development LLC plans to revamp the Merchants Building in Detroit into a 135-room hotel. The $44 million redevelopment plan includes hotel space, and food, beverage and event space, as well as a rooftop bar. The $44 million price tag includes $5.9 million in building acquisition cost, $21.5 million in hard costs and $16.6 million in soft costs. Kraemer Design Group is project’s architect. This hotel would be one of many at varying development stages in and around downtown Detroit. The project is being financed with $16.7 million in equity and $27.3 million in debt.