Even during these times of economic trials, Grand Rapids development
continues to move forward with the approval of two brownfield projects.
Revitalizing deteriorated buildings remains high on the list of
priorities.
According to excerpts from the story:
Meridian Building Co. LLC, headed by
developer Robert Tol, plans to invest about $26 million into a
10-story, 115,000-square-foot building for residential and retail uses
with 286 enclosed parking spaces at 20 E. Fulton St. The site is
currently a parking lot at the southwest corner of Fulton and Sheldon
Avenue.
"This is a really, really important corner — it's the center of our city," First Ward City Commissioner Walt Gutowski said.
Robert
and David Israels are the lead investors in Seward LLC. They are
investing $10 million into reviving the Enterprise building at 528
Fourth St. NW and the Drueke building at 601 Third St. NW. Both are
being renovated for office space — a total of 13,000 square feet in the
Enterprise and 24,000 square feet in the Drueke.
Read the complete story here.
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