By: Deborah Johnson Wood
Fulton Street Flats may corner the market on mid-range housing options with the renovation of the former apartment building at 458 E. Fulton in Grand Rapids.
The fifteen one- and two-bedroom units price out at $77,900 to $169,900 for square footages ranging from 657 feet to 1,134 feet.
Work on the three-story building began months ago when developer Andover Investments LLC decided to get out of the apartment rental game and into the condominium market. They gutted the building and rebuilt everything, adding two new boilers and new air conditioning.
Of the fifteen condos, the model will be ready for viewing and two spec units will be completed by the end of this month.
“We’re the only thing downtown in this price range,” says Lisa Spaugh of 1 Source Real Estate and Consulting.
The two-bedroom units have a bedroom and bathroom on opposite sides of an open plan living space with hardwood floors. That living space has hardwood floors. Buyers for the customizable units will be able to select the floor stain color, cabinetry, granite countertops and appliances.
All of the units have balconies—many of the two-bedroom units have a balcony off the master bedroom suite and one off the family room.
On-site parking comes with each purchase. But Spaugh expects many residents will want the condos because of their proximity to downtown offices and other work locations.
“One couple that’s considering a purchase has two cars, but the lady said ‘I can put my car in storage because I walk to work anyway,’” Spaugh says.
TRY Construction of Middleville is handling construction.
Source: Lisa Spaugh, 1 Source Real Estate and Consulting
Deborah Johnson Wood is the development news editor for Rapid Growth Media. She can be contacted at [email protected].
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