Developer Hopes Lear King For GR Firm
The Alpine Endeavors LLC, the development firm that bought the massive plant from the automotive parts maker last April, is hoping the company chooses the Lear building.
"We don't have anything signed yet. We're in the process of trying to get a lease signed. We've pretty much negotiated all the terms, so it's probably going to go," said
"It's not 100 percent, but it's 90 percent there," he added.
GRS&S would lease 105,000 square feet in the Lear facility, which has been granted a Renaissance Zone designation, should it move to
GRS&S Vice President Merle Emery told the Michigan Economic Development Corp. the company would relocate its assembly and value-added operations, and the warehousing, shipping and logistics departments to
Emery, also the firm's general manager, said from 120 to 125 employees would move from two locations on
Emery said moving those departments from the company's headquarters in the Monroe North Business District would let GRS&S add additional stamping capacity at that site. He said business has grown steadily over the past few years, which has resulted in higher sales figures and roughly 50 more employees over that time.
GRS&S employs 280; about 160 would remain in
But Emery said the firm is also considering moving the same operations to
MEDC Vice President of Business Development Jim McDonald said the move to
"When we closed we didn't know whether Spring & Stamping was a user for this space. When they passed the Ren Zone for this site, and they did it with three other big plants in the state, they added a special process to get approval for that part of the Ren Zone, and the city (Grand Rapids) has no real say in it," said Buchanan, who is CEO of Blue Bridges Ventures LLC.
"I've got a confirmation letter from the MEDC saying all they have to do is acknowledge that they heard or understand that Spring & Stamping is relocating."
The former Lear plant sits on 41.5 acres and has about 750,000 square feet of space. The facility already has a tenant, as Amstore has leased about 400,000 square feet. The company, which is based in Coopersville, makes shelving, display racks and other items for retailers.
"We got approval from the city of