Fresh grocer will anchor former MAC development
The first anchor tenant for an upcoming mixed-use development in Grand Rapids has been announced.
Fresh Thyme Farmers Market, which offers fresh baked goods and seafood, organic and gluten-free foods, and hormone-free meats is the first name on the roster for CWD Real Estate Investment’s proposed mixed-use retail development, which will be constructed on the site of the former Michigan Athletic Club, 2500 Burton St. SE, Grand Rapids.
“We are in the early stages of the process and have just started working with the city of Grand Rapids on our plans. If possible, we hope to begin construction yet this year,” said Scott Wierda, CWD Real Estate managing partner.
“The addition of Fresh Thyme Farmers Market continues our goal to enhance the livability of our near neighborhoods as well as the urban core. We are excited to introduce another popular lifestyle brand and the first ‘farmers market’ grocer to the community.”
CWD, a Grand Rapids-based investment firm that purchased the property in 2013, has plans to demolish the current building and construct a new 85,000-square-foot development, of which Fresh Thyme will serve as anchor. The building will be right up the street from CWD’s Breton Village at 1830 Breton Road SE, a space that has become known as a premier fashion destination.
CWD is planning to present a preliminary site plan for the Burton Street development to the city officials this month.
“We plan to start construction either late 2014 or early 2015,” said Nick Koster, vice president of operations at CWD. “I can’t speak for Fresh Thyme on their schedule, but from a construction timeline standpoint, that makes it likely a late 2015 or early 2016 opening.”