Housing complex is planned for city’s west side.

From the Grand Rapids Business Journal written by David Czurak

The Grand Rapids Brownfield Redevelopment Authority gave its blessing to a new residential project for the city’s northwest side, which is the first step to make the proposal a reality.

Rockford Development plans to invest $2.4 million into a four-building residential complex on the corner of Douglas Street and Seward Avenue, just a block south of Bridge Street. The property was home to an American Legion building that closed in 2007. The site offers about 17,000 square feet of buildable space.

“Our plan is to build four residential units,” said Mike Mraz, vice president of development for Rockford Development.

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Riverside Senior Care gets authority’s OK

Northern Michigan developer wants to convert school into senior housing.

From the Grand Rapids Business Journal written by David Czurak

A Harbor Springs multi-family housing developer had its plan amendment approved by the Grand Rapids Brownfield Redevelopment Authority for a new senior living center on the city’s northeast side.

G.A. Haan Development wants to turn the former Riverside Elementary School at 2420 Coit Ave. NE into an assisted living and memory care facility for up to 55 seniors. The Grand Rapids Public Schools system closed Riverside in 2010 and sold the 36,000-square-foot building and its site to Haan Development last year.

“The property qualifies as being functionally obsolete,” said Jonathan Klooster of the brownfield authority.

“Total investment in the project is estimated to be $6.8 million, resulting in 51 new jobs with wages ranging from $11 to $35 per hour,” added Klooster.

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New development on Ionia to get underway soon

Brookstone Capital will add new residences and retail downtown.

From the Grand Rapids Business Journal written by David Czurak

At its last meeting, the Grand Rapids Brownfield Redevelopment Authority unanimously approved an amended work plan to redevelop a vacant parcel at 240 Ionia Ave. SW and authorized a development and reimbursement agreement for the project being done by Brookstone Capital.

Brookstone Capital of Midland plans to build a $15 million, seven-story residential and retail structure on the property across Ionia from Heartside Park. The project includes creating 60,000 square feet of space for 48 one- and two-bedroom apartments, mostly the low-income variety, and 4,600 square feet of space for ground floor retail.

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Dave Smies and Stu Kingma were both given awards for Top Industrial Leasing Brokers, Bill Tyson was recognized as a Top Retail Leasing Broker, and Stan Wisinski and Mary Anne Wisinski-Rosely were both recognized as Top Sales Brokers.

In addition, NAI Global as a whole was well represented, bringing in 132 individual awards and 91 firm awards across the country.

Dave Smies

Stu Kingma

Bill Tyson

Stan Wisinski

Mary Anne Wisinski-Rosely

Jason Makowski and Mary Anne Wisinski-Rosely teamed up to bring Jeffrey Behm of Real Hair, LLC to a 2,000 SF vacant suite at 330 E. Beltline. The landlord is Rich Craig of 330 East Beltline, LLC.  They agreed to a 10 year lease with options at $18.00/SF plus electric.

Retail

Jason Makowski and Dick Jasinski but together a deal that brought Osaka Sushi & Steak House to the former Carlos O’Kelly’s location at 4977 28^th Street SE. Devtex Properties is the owner of the 1,640 SF stand alone building.  It is a 42 month lease at $12.00/SF (NNN). The tenant is also performing improvements their own expense.

Dick Jasinski also closed on a lease of the former Famous Dave’s building at 5710 Harvey Street in Muskegon.

Industrial

Kurt Kunst sold a 23,000 SF industrial building at 4438 Remembrance. He represented both sides of the transaction.  Along with Rod Alderink, Kurt also sold the vacant land across from the Gun Lake Casino.

Also, Jim Badaluco sold the building at 2735 West River and Stu Kingma sold the building at 3711 Dykstra.

In total, there were 19 transactions in the past two weeks not including lease renewals.  In addition, Jeremy Veenstra completed his first transaction as a member of NAI Wisinski of West Michigan. Congratulations Jeremy!

They have seen an increase in activity in some of their other downtown listings as well. Even the building they occupy at 100 Grandville SW has seen activity and is closing in on 100% occupancy. It currently sits at just under 91% occupancy, with another lease in the works.  “Someone turned on the switch and office space downtown is starting to fill up,” said Stan Wisinski. “I look forward to seeing the overall effect this has on downtown.”

NAI Wisinski’s work has not gone unnoticed.  They just received the lease listing for the historic Waters Building. The 282,200 SF building is conveniently located at 161 Ottawa. Tenants for this building include the Gilmore Collection’s Ottawa Tavern and Bite Bar & Restaurant. “We are very grateful to have received the listing on the Waters Building, but the work is just beginning,” said Mary Anne Wisinski-Rosely. “We have handled projects on this scale before and we know what it takes to make sure we achieve our client’s goals. Our office team at NAI is ready to roll up our sleeves and get to work.”

The buyer, Pinnacle Ventures, LLC, represented by Doug Taatjes, purchased the 2.5 acre site and broke ground on November 17, 2010 for a new 14,500 SF, LEED certified Goodwill retail store and donation center.  Rod Alderink represented the Seller.