Construction and Real Estate

Monroe North adds to burgeoning skyline

Ribbon cutting on $53M, 205,000-square-foot 601 Bond Apartments took place last week.

June 28, 2019
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601 Bond
The project at 601 Bond has 202 units ranging in price from $1,450 to $2,725 per month. Courtesy KMG Prestige

Partners on 601 Bond Apartments in the Monroe North Neighborhood gathered last week to cut the ribbon on the latest addition to Grand Rapids’ ever-changing skyline.

The $53 million, 205,000-square-foot building was developed by Time Equities Inc., a real estate firm based in New York City, and brought together Grand Rapids talent with Pioneer Construction as the general contractor and Ghafari’s Concept Design as the architect.

The project itself is four years running; according to earlier Business Journal reports, Time Equities first acquired the 601 Bond Ave. NW property in 2015.

When Time Equities first began excavating the site in 2017, Brad Gordon, the company’s director of national residential, said Grand Rapids was a prime target.

“Grand Rapids’ stable growth and abundance of beautiful, old loft-style buildings make the area a prime destination for development, especially as people continue to relocate to urban areas,” Gordon said. “601 Bond is extremely well-located, as it is situated only moments away from the city center and other local landmarks, such as the Grand River.”

601 Bond Apartments will feature 202 units: 160 one-bedroom units between 704 and 862 square feet and priced from $1,450 to $1,950 per month; and 42 two-bedroom units ranging in size from 695 to 1,002 square feet and priced from $1,750 to $2,725 per month.

Leasing began in October 2018, the Business Journal previously reported.

On-site amenities will include the Skyview Club with a rooftop deck, fitness center and lounge, as well as 220 parking spaces in a five-level parking deck and 4,000 square feet of ground-floor retail.

Leasing and management for 601 Bond are through Mount Pleasant-based KMG Prestige. According to the firm, steady move-ins are scheduled through the summer and fall this year. Sweetwaters Coffee and Tea also has signed a lease for retail space and is expected to open in July.

Each unit also includes Time Equities’ Smart Apart program, which allows residents to adjust the temperature, control lighting, lock and unlock doors, access the building’s intercom system and have a visual of guests or delivery people via their smartphones. Features also can be integrated with Amazon’s Alexa to allow residents to use voice commands.

601 Bond is the latest addition to the burgeoning Monroe North Neighborhood. Both the Homes at Rivers Edge, fronted by Orion Real Estate Solutions, and Suburban Inns’ Embassy Suites, which were under construction when 601 Bond broke ground, are complete, as well.

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