A new $25 million hotel proposed for Grand Rapids' Medical Mile has received approval from the City of Grand Rapids Brownfield Redevelopment Authority, clearing another hurdle for the project.
Third Coast Development Partners owners Dave Levitt and Brad Rosely plan to erect the 140-plus-room hotel in what is now a surface parking lot adjacent to the
Women's Health Center of West Michigan, part of the 16-acre Mid Towne Village (500 block, Michigan St.) developed by Third Coast Development Partners. The five-story hotel will sit atop a two-story parking structure that will be available for public use.
The hotel brand has not been determined yet, Rosely says.
The entire project includes a separate three-story, $6 million office building on the property. The proposed hotel and office building will bring the investment on the entire land parcel to some $70 million since development began in 2004.
"Our (hotel) clientele is not downtown convention traffic, but hospital users, like patients getting outpatient procedures or relatives coming into town to see new babies," Rosely says. "There will be a shuttle service to the hospitals, and will have a real nice feel to it like at Cleveland Clinic or Mayo Clinic."
El Barrio Mexican Grill and
The Omelette Shoppe, are both part of the mixed-use complex, while Urban Mill Café and Mr. Pizza are each just a short walk. Both Levitt and Rosely say the restaurants will benefit from the increased density created by the office building and the hotel.
Next steps are for the state to approve the brownfield tax credits, which should happen about August 1, with the hotel groundbreaking a few weeks after that. The hotel construction will take about a year. The office building construction will wrap up in early 2015.
Source: Dave Levitt and Brad Rosely, Third Coast Development Partners
Writer: Deborah Johnson Wood, Development News Editor
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