$30M mixed-use complex may be built at site of former X-Rite headquarters

A group of developers has asked the city of Grandville for $365,000 in special tax financing to construct a $30 million mixed-use complex near the southeast intersection of 44th Street and Ivanrest on the site of the former X-Rite Inc. headquarters.

According to excerpts from the story:

A development firm that includes Dan DeVos, whose family owns six area MVP clubs, is seeking $365,000 in special tax financing for the 35-acre site at 44th Street and Ivanrest Avenue SW.

Two other partners in CWD Real Estate Investment, Sam Cummings and Scott Wierda, identified MVP Sportsplex as a likely anchor. 

"It's certainly a use we'd like to have there, but at the end of the day, we're not the decision-maker on that," Cummings said. "We're chasing it."

A plan being reviewed by the city's Brownfield Redevelopment Authority would capture $365,000 in future tax growth from the new complex to fund demolition of the X-Rite buildings and various environmental cleanup costs.

Brownfield designation also would enable CWD to seek a state business tax credit for up to 12.5 percent of eligible investment at the site.

Cummings and Wierda said the complex, which is Leadership in Energy and Environmental Design certified, would feature about 300,000 square feet of retail stores, restaurants and professional offices in addition to the fitness center.

Read the complete story here.