$4M downtown apartment project taking next step
A local developer is seeking to fill a hole in downtown Grand Rapids.
Division and Weston, LLC, an entity affiliated with SIBSCO and Rockford Construction, is proposing a three-story, mixed-use building over the sunken lot in the Heartside neighborhood at 35 and 41 Division Ave. S.
The $4-million project would be built by Grand Rapids-based Rockford Construction. The firm plans to break ground in February 2019.
The City of Grand Rapids said today the developer submitted an application for reimbursement to the city’s Brownfield Redevelopment Authority.
The reimbursement, totaling about $439,000, would cover the cost of environmental site assessment activities, site preparation and public and private infrastructure improvements.
“This is an exciting proposal that can enhance Heartside,” said Kara Wood, managing director of economic development services, City of Grand Rapids. “The corner has been a blighted eyesore for several years. We are thrilled about the positive impact this project can have in the neighborhood and business district.”
The project would have 22 apartments and about 2,200 square feet of ground-floor retail space, according to a previous Business Journal report.
Apartments would range between 400-square-foot studios to 1,000-square-foot two-bedroom units, and rents would be from $700 to over $1,000 per month.
The entire building would cover 12,750 square feet.
Division and Weston, LLC gained approval from the Grand Rapids Downtown Development Authority for a downtown enhancement grant of $35,000 in September, the Business Journal previously reported.
The grant would be used for DDA-eligible activities associated with the project, including barrier-free improvements, filling of the existing areaway and streetscape improvements.