The $34 million Gallery Apartments poised for debut at Grand Rapids Parade of Downtown Living

Deborah Johnson Wood

After years of anticipation and arm wrestling for financial banking, The Gallery Apartments in downtown Grand Rapids will debut in June at the 6th Annual Parade of Downtown Living.

Fifty-six luxury apartments occupy floors 6 through 12 of The Gallery on Fulton, 2 West Fulton St. Developers hope to have the entire 12th floor ready by tour time, says Nick Koster, vice president of operations for CWD Real Estate Investment, one of the developer partners.

"We will have two model units ready on the 12th floor, but we're hoping that the whole floor will be complete with several apartments staged," Koster says.

The apartments sit atop the future home of the Urban Institute of Contemporary Arts (UICA) which will occupy 40,000 square feet on levels one through five. The building fronts along S. Division Avenue, where another 2,700 square feet of retail space is still available.

Studios and one-, two- and three-bedroom apartments make up the mix of residences. The units on the north side of the building have floor-to-ceiling windows; all of the sixth floor units share a band of glass that wraps the building, giving each of those apartments nearly floor-to-ceiling windows. The building will be LEED certified.

"From a quality standpoint, the apartments are much more like The Fitzgerald than anything we've done," Koster says. "But the styling is very contemporary and a different look than [developments] we've done in the past. All of the apartments have stainless steel appliances, granite countertops and the master baths have tile showers with glass doors."

There will also be a fitness room, laundry facilities in each apartment, and a rooftop deck for all residents, featuring a partially enclosed area with a concrete bar and flat screen television.

Leases range from $750 to $2,500 a month.

The Parade of Downtown Living runs from June 11-13.

Source: Nick Koster, CWD Real Estate Investment; 2010 Grand Rapids Parade of Downtown Living Facebook page

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Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected] Development News tips can be sent to [email protected]