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Grand Landing Will Cut Ribbon
GRAND HAVEN — The new length of
Within the month,
Designed as a resort property and not a housing development, The Village is seeing condo sales evenly split between pri
The waterfront condos, ranging in price from $400,000 to more than $1 million, will break ground this fall for a summer 2008 ribbon cutting, along with a boardwalk several feet above the shore and a 300-foot outdoor theater that will double as a skating rink during the winter months. All but three of the 24 waterfront units are currently reserved. A 123-room hotel, 17,000-square-foot convention center, 18,000-square foot market, four stand-alone restaurants and two additional housing projects will begin construction in subsequent phases.
"We're on a fast-track pace to build this out," said Craig Adams, president of Grand Landing LLC, the operating entity for the 20-acre development. "The magic number is $50 million by 2011, and we're three full years ahead of that."
To finance environmental cleanup and infrastructure costs for the former industrial site, Grand Landing partnered with the city and state for a $32 million tax-increment financing package. The bonds issued to support that investment were sold last year at a 2-percent premium, putting the project ahead from the start. Although the first phase of construction was delayed for a cumulative 45 days this year by adverse weather conditions, the overall project is progressing rapidly.
"We're two percentage points and three years ahead,"
"I don't think this is a summertime anomaly," said
Five retailers have announced plans to open in The Village this fall. Four of those are relocating from other sites in Grand Haven and
The Earth's Edge, a full-range sporting goods store, will relocate from its landlocked downtown location to a 9,000-square-foot
"This is the opportunity we'd been looking for," said Karl Tucker, Earth's Edge proprietor. "We wanted to stay in the community — we've been here for 13 years — but we needed more space and wanted to be on the water."
The expanded space will allow Earth's Edge to add new lines and stage national events such as a kayak symposium and fishing tournament.
Sunflower Gourmet, the only new business located in The Village, is an organic and gourmet retail store and deli.
"I think it's a great space," said proprietor Jennifer Wilkes. "When they started to develop it, I knew it was where I wanted to be. It's a high-traffic area, lots of visibility, and it's just been unused for too long."
Grand Landing will have a much larger impact on Grand Haven than tax dollars. Besides extending the boardwalk to the highway, the Miller Drive cross street — an extension of Adams Avenue — will serve as the new gateway to the lakeshore, diverting traffic from the largely residential neighborhood along Jackson Street between downtown and the M-31 highway. At the opposite end of
Grand Landing has also partnered with the city on plans for developing the 15-acre Harbor