As one developer clears the first hurdle toward securing brownfield credits to demolish an outdated furniture store on Grand Rapids’ northeast side, a second developer scrambles to find financing for the city’s most prominent corner lot. City Commissioners are backing both endeavors as prime developments in two of the city’s gateway neighborhoods.
According to excerpts from the story:
City commissioners unanimously approved a brownfield tax credit last week for Third Coast Development Partners LLC, which plans to put up a new building at 1697 Michigan St. NE.
Commissioners also gave Two West Fulton LLC more time to close on a piece of city-owned property at the southwest corner of Fulton Street and Division Avenue, although not unanimously.
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