Posts tagged Downtown
Recent NAI Wisinski projects in the news
May 8th
Rockford Development unveils new project
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.
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.
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.
Grand Rapids: Medical Mile serves as a catalyst
Apr 5th
It was a little less than two decades ago that local business leaders could see what was unfolding in West Michigan. The industrial sector was steadily declining, and companies were either going out of business or moving away. It was evident that something had to be done.
That’s when two hometown heroes, Amway founders Richard DeVos and Jay Van Andel, proposed their vision to turn Grand Rapids into one of the top medical services cities in the world. Their leadership and philanthropic efforts spurred a series of events, forever changing the landscape, mentality and image of Grand Rapids.
One of the city’s first streets, Michigan Street, running parallel to I-196, was the initial site of their vision. In 1996, Jay and Betty Van Andel founded the Van Andel Institute. They broke ground in 1998, and the Van Andel Institute opened its doors in 2000. The institute is now home to scientific research that is focused primarily on cancer and Parkinson’s disease and has received more than $1 billion in research funding.
The original development was a $60 million facility. In 2010, the institute opened a second phase with an additional 242,000 square feet at a cost of $175 million.
Butterworth Hospital, now part of Spectrum Health, sits atop the hill on Michigan Street. In 1993, the Helen DeVos Women and Children’s Center moved to the site working as part of Spectrum Health.
In 2011, the Helen DeVos Children’s Hospital opened its doors to a 440,000-square-foot facility at a cost of $286 million, largely funded by the DeVos family. Spectrum Health combined with other local generous donors to found the Meijer Heart Center and the Lemmen-Holton Cancer Pavilion, costing about $137 million and $78 million, respectively.
The Medical Mile is host to Michigan State University’s (MSU) College of Human Medicine, Grand Valley State University’s (GVSU) Cook-DeVos Center for Health Sciences, Grand Rapids Community College’s Calkins Science Center, and Ferris State University’s pharmacy program.
MSU’s building is 180,000 square feet, and GVSU’s is 217,000 square feet, costing $90 million and $57 million respectively. In total, more than $1.2 billion has been invested in the Medical Mile and the surrounding area on world-class medical facilities.
The problem isn’t a lack of interest in the Medical Mile, but rather a lack of space. The corridor has barriers on all sides: the freeway to the north; the Grand River to the west; Heritage Hill, a historic part of Grand Rapids with 1,300 homes dating back as far as 1848 to the east and south; and the rest of downtown to the southwest.
The developers of Midtowne Village, a six-building complex that houses the 100,000-square-foot Women’s Health Center, had to get the zoning of their site changed as well as purchase and demolish 46 homes.
Other organizations are beginning to look for vacated buildings that can be occupied for their use. GVSU plans to cross the expressway to the north and develop another site for medical use, and MSU is in the process of acquiring the old Grand Rapids Press building that remains vacant with the presses still inside.
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Downtown Office Activity on the Rise
Feb 14th
The Grand Rapids office market is showing signs of growth. Recent transactions at NAI Wisinski of West Michigan show a possible glimpse of what the rest of 2012 has in store. Last week, Stan Wisinski and Mary Anne Wisinski-Rosely closed a sale at 98 E. Fulton, the former Jacobson’s Department Store. Located on the Southeast corner of Fulton and Sheldon, the 38,134 SF landmark building has been leased by various tenants since Jacobson’s vacated the site, but is now to be owner occupied on the first floor and basement. Stan Wisinski and Mary Anne Wisinski-Rosely represented the seller, John Postma of Fulton Street Partners, LLC, and Midwest Realty Group represented the buyer, Acton Institute. The transaction included a long term lease of the second floor to West Michigan Center for Arts and Technology (WMCAT).
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.”


