Developer begins riverfront apartment project
A five-story riverfront apartment building project is underway in downtown Grand Rapids.
Demolition work has started on the single-story office building at 1001 Monroe Ave. NW to make room for the River’s Edge apartment building by Orion Real Estate Solutions, a division of Grand Rapids-based Orion Construction.
Groundbreaking on construction is expected after the holidays, and the project should be completed next winter.
The site was purchased in 2014 for $1.3 million.
Last weekend, the Grand Rapids Fire Department used the site’s existing building, a former attorney's office, for training exercises.
Progressive AE is the project's architect, and Orion Construction is the project’s contractor.
The 57,103-square-foot apartment building will include 32 market-rate apartments and a ground-floor restaurant.
The building will include a mix of studios and one- and two-bedroom units that range from 680 to 1,100 square feet.
A covered parking ramp is included in the project.
Orion has secured a restaurant tenant for the ground floor, but it will not announce the tenant until the project’s groundbreaking.
Orion Construction and its Orion Real Estate Solutions have been active in downtown Grand Rapids, recently completing the $45 million, 11-story Arena Place, at 55 Ottawa Ave. NW, and currently constructing the $22-million Venue Tower and $16-million 20 Monroe Live with The Gilmore Collection, with both projects at 20 Monroe Ave. NW.
Near downtown, Orion is working on Gateway at Belknap at Hastings Street NE, from Coit Avenue NE to Clancy Avenue NE. Near Eastown, the firm is nearing completion of the $9.6-million Fulton Square at Carlton Avenue SE and E. Fulton Street.
Orion is also planning the $63.5-million 150 Ottawa project, a 14 story, two-tower development and the proposed future home of the law firm Warner Norcross & Judd.