Firm plans suburban retail development
A developer plans to build a multi-phase retail development in a Grand Rapids suburb.
Wyoming-based Granger Group plans to build a 6,500-square-foot retail building as the first phase of its Park Place retail development in Zeeland Township, near the southwest corner of Byron Road and the I-196 interchange.
The building will be the first of multiple of retail buildings at Park Place, ranging from 1,200 to 6,500 square feet.
In total, Granger Group plans to add 19,500 square feet of class-A retail space to Park Place.
The groundbreaking for the first retail building of Park Place should be in early 2019.
“Right now, there are no class-A retail spaces in Zeeland Township, and we are seeing a tremendous amount of support for our retail space,” said David Meyering, project manager, Granger Group.
The firm plans to include stand-alone buildings for a restaurant and a bank in Park Place.
Granger Group also said a four-story avid hotel will serve as the anchor of Park Place.
No Park Place retail tenants have been named yet, but David Jackiewicz, marketing manager for Granger Group, said the firm is negotiating with “nationally recognized businesses.”
The cost of Park Place, which will be owned by Granger Group, and the project's funding source were not disclosed.
Granger Group is finalizing a contract with an unnamed general contractor.