By: Deborah Johnson Wood
Back in 1962, the eight-unit apartment complex on the corner of Lafayette and John streets was an odd modern element amid the historic mansions of Heritage Hill. Today, 47 Lafayette has been "retro" fitted into eight contemporary urban condominiums.
Grandville-based Plum Ventures purchased the building 14 months ago with the goal of developing condos priced between $124,900 and $144,900 for urbanites looking for a modest residential investment within a short walk of the city's center.
"We're hitting a price niche that we feel is vital to the community and ideal for people who want to be close to the action downtown," says Dave Bengston, a co-owner of Plum Ventures. "The building is modern architecture, and we kept that feel inside and out."
Buyers can choose from three interior packages, including granite countertops and stainless steel appliances. Each unit has original hardwood floors throughout.
One unit has two bedrooms and two baths, including the master suite. The remaining units are two-bedrooms, one bath, and run from 720 square feet to 850 square feet. Each bath features a jetted full-body shower massage and in-unit laundry facilities.
Amenities include a community patio, a community gathering space on the lower level, and a walkout with secure bike and moped storage. The property has off street parking, including three garages that are available for purchase.
The model unit is finished and open for business.
Summerwood Construction handled the construction. Julie Wynalda of True Vine Creations is the interior designer. Avalar Grand Rapids Real Estate is handling sales.
Source: Dave Bengston, Plum Ventures; Jason Carpenter, Avalar Grand Rapids Real Estate
Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected].
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