WORKING DRAFT 2026 Development Report

HOUSING

Developer: Holland Home Status: Preconstruction Investment: $215 Million Footprint: 18 acres Address: 6501 East Fulton St, Ada, MI Averden of Ada NOTABLE PROJECT

Description: Holland Home announced their plans to open a third senior living campus in Ada, the Averden, with start of construction in early 2027. The $215 million planned community will cater to active adults 60+ and will feature 136 independent living residences and a 15-room assisted living center.

Permitted Units by Type

Trendline

Builders pulled 250 more permits for new residential construction in 2025 compared to the previous year in Greater Grand Rapids, * amounting to a 6% increase from 2024. Permits for single family, three- to four-unit, and five- or more-unit dwellings drove the growth. Overall, 2025 saw the most building permits pulled since 2022 (2,714 total).

* Building permit geography is for the Grand Rapids-Wyoming-Muskegon combined statistical area, which includes Kent, Ottawa, Allegan, Barry, Ionia, Muskegon and Montcalm counties.

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