The company behind Celadon New Town
, a contemporary urban neighborhood development in northeast Grand Rapids, has begun construction on a project that will bring a penthouse, 10 townhomes, and a single-family home to the heart of East Grand Rapids.
Brad Rottschafer, owner of Mosaic Properties & Homes
, has begun construction preparation for three new buildings where four rental houses once stood.
The buildings will consist of a three-story retail/office structure with a 2,000-square-foot penthouse, a 10-townhouse building with a central courtyard and private garages, and a two-story single-family home. The $6.5 million project, Croswell Mews
, brings a new style of living to a desirable, walkable area close to restaurants, shopping, schools, and Reeds Lake -- a lifestyle that Rottschafer says has already attracted buyers.
"The live/work building is already sold," Rottschafer says, referring to the retail/office building with the penthouse. Although he declined to name the buyer, he says the owner will live in the penthouse and "is going to put his company in the building."
The single-family home and seven of the townhomes are already under contract, as well. The townhomes are each approx. 2,000 square feet with a garage and family room on the main level, living spaces on the second level, and three bedrooms on the third level. Prices range from $425,000 to $479,000.
"People want to be close to the grocery store, Starbucks, even the school for sporting events," he says. "There's a lot of energy in that downtown and people like that. (Croswell Mews) just adds to the conversation and the vision of what the city has for the community. I think it continues to build the core of the city as a very quaint, unique environment that draws people."
Rottschafer is quick to give credit for the momentum in East Grand Rapids' downtown to the new Gaslight Village created a few years back by Jade Pig Ventures.
"Building to the street, hiding the parking, making these areas walkable, that's the thing that brings energy to the area," he says. "When you revitalize an area, people want to walk and see what's there."
Writer: Deborah Johnson Wood, Development News Editor
Images courtesy of Mosaic Properties & Homes