London Deal Falls Through
GRAND RAPIDS — Signifying that the downtown riverfront “mystery development” has either fallen apart or will tolerate nearby adult entertainment, the undisclosed developer has allowed an option on Grand Rapids businessman Mark London’s planned Showgirls Galleria at 234 Market Ave. SW to expire.
The $3.2 million full-nude strip club and retail store will now open on May 1.
Weeks shy of his grand opening,
With no closing date set early last week,
“They said that maybe something could be done if they had more time, but did not specifically ask for more time,” he said. “And that wouldn’t have been a possibility — we had been pretty clear from the start that this was D-day.”
The night before,
An hour before the scheduled meeting,
“They were pulling anything out of their hat they could in that last hour,”
He also said that there are no ongoing negotiations, and he has no intention of selling before his club’s opening.
“Granted, if the buyer rolled up with an armored truck full of cash, I would sell if there were enough money in that truck,” he said.
He added that the sale price would be “millions” higher than the believed original price of $3 million to $4 million.
“If they can’t close on my deal, I can’t see how they’d be able to put together something worth a billion dollars,”
London’s Florida retirement will have to wait another few months, he said, but he would still have the opportunity to open the adult entertainment complex he feels will be a regional attraction in its own right. He plans to renew efforts to transfer a liquor license to the property, at which time he will forego full nudity, as the state’s liquor regulations require.
He also now has an additional $100,000 to battle a proposed adult entertainment ordinance proposed by city officials, which he suggested may have been influenced by the development efforts.
“All the offers have coincided with actions by the city,”
Eric Wynsma of Terra Firma Development could be facing a tough decision this week. He is the only landowner to delay efforts as a result of the mystery development, ceasing his development plans for his $3.5 million property at 206, 207, 212 and
He has since received an offer to sell two of the four buildings for another use. If neither deal comes through, he still has a concept to develop the property, but has had to keep his Plan B on hold until he knows the mystery development’s status.
“My own speculation is that they just got sick of dealing with