GRAND RAPIDS, Mich. (WOOD) - A $28 million building is planned to take the place of what is currently a city parking lot on Ottawa Avenue SW between Weston and Oakes streets, across from Van Andel Arena.
Representatives of Orion Construction, Arena Place Development partners and major tenants, Grand Rapids Mayor George Heartwell and other community leaders discussed the plans during a reception Tuesday afternoon.
The new building will house condominiums, apartments, and street-level retail and restaurant space.
The project will also create the first new office building downtown in some 20 years. 18% of downtown offices are currently unoccupied, but developers say there is a need for new space.
"There is almost a hybrid of need. We're not really trying to create a want. We're filling a need. We have some major tenants today that we will be announcing. That's what we're here to talk about. This building is full," John Wheeler of Orion Construction said.
Wheeler says one of the partners in the project, Hanon McKendry, has outgrown its space across the street and is moving into the new building. A company called Mindscape is taking another floor. Another company is considering moving into the last floor, which has yet to be leased.
Wheeler said the building will be ready in April 2015.
In April, the Downtown Development Authority said it hoped to see an investment of between $350 million and $675 million to redevelop between 1.6 million and 2.8 million square feet of land near Van Andel Arena for residential, commercial and retail use.
---- View the proposal (pdf) ----
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