GRAND RAPIDS, Mich. (WOOD)- A building that’s been a part of Grand Rapids’ skyline for more than a century is about to get a facelift.
Franklin Partners told 24 Hour News 8 they have reached an agreement to acquire and redevelop the Keeler Building at the corner of Division Avenue and Fountain Street NE.
Franklin Partners said it plans to invest at least $10 million into the site, which has sat mostly vacant for more than two decades.
The Keeler Building was one of the last empty buildings of its size in downtown Grand Rapids, realtors told 24 Hour News 8 last year.
The seven-story building will likely be transformed into offices with the potential for residential and retail space on the first floor, the developer said.
Franklin Partners said they’ve been eyeing the building for months. The company hopes to sign a tenant for the remodeled facility soon.