Doing business as Offsite Lake Drive, LLC, Maplegrove Development and Bazzani Building Co. have partnered to complete renovations on the top four floors of the 90-year-old Kingsley Building at 1415 Lake Dr. in Eastown.
Construction on the building’s ground floor retail space were completed in recent years by its owner, Bazzani. With Maplegrove Development now on board as property managers, the duo will turn its focus to the $10.7 million renovation of the remaining four floors. The project will result in a mix of new office spaces and residential apartment units and is expected to take about 14 months to complete.
“Offsite Lake Drive, LLC is proud to be a part of the Eastown neighborhood and believes that the completion of the Kingsley Building renovation will make a once obsolete property a vibrant part of the neighborhood,” says Chief Operating Officer/Member David Emdin of Maplegrove Property Management.
At 17,000 square feet, the Kingsley Building’s second floor will house approximately 18 small offices — ranging from 200 to 500 square feet — lining the exterior of the space, with private residential storage filling in interior.
The third, fourth, and fifth floors will transform into 41 new one- and two-bedroom apartments. With heat, air conditioning, and one indoor parking space included, the units’ rental rates are expected to range from $1,170 to $1,270 for one-bedrooms and $1,730 to $1,830 for two-bedrooms.
With plans to insert more than 100 windows around the exterior of the building, as well as small balconies for most of the apartment units, designs also call for a three-story atrium and a large rooftop gathering patio where residents can look out on surrounding Eastown neighborhood.
With an expected grand opening in spring 2018, Bazzani will seek Gold level LEED certification from the U.S. Green Building Council for the renovation of the Kingsley Building, which was placed on the National Register of Historic Buildings
in 2012. Built in 1926, the building was formerly home to the Grand Rapids Storage and Van Co. and Zondervan Publishing.
Written by Anya Zentmeyer, Development News Editor
Images courtesy of Bazzani Building Co.