2023 Development Report

Type: Office/Retail Developer: CWD Real Estate Investment Inc. General Contractor: Triangle Associates Inc. Investment: $61.7 million Footprint: 330,000 square feet Address: 111 Lyon Street NW Timeline: N/A Status: Completed Summer 2021 Lyon Street Reactivation 6

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Residence Inn

Type: Hotel Developer: Hinman Company General Contractor: Wolverine Building Group Investment: $36 million Footprint: 140,000 square feet Address: 40 Louis St NW Timeline: N/A Status: Completed 2021

Description: The development includes a 13-story, mixed-use building housing the 147-suite Residence Inn by Marriott.

Description: The project aims to re-activate the stretch of Lyon Street between Monroe and Ottawa avenues by removing a stone wall along Lyon Street. CWD plans to add three to five retail and/or restaurant spaces on the ground floor of the development.

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Acrisure Headquarters

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Amway Grand Plaza Renovation

Type: Office Developer: Olsen Loeks Development LLC General Contractor: Rockford Construction Co. Inc. Investment: $33 million Footprint: 105,000 square feet Address: 122 Oakes St SW Timeline: N/A Status: Completed 2021

Type: Hotel Developer: AHC Hospitality General Contractor: Rockford Construction Co. Inc. Investment: $40 million Footprint: N/A Address: 187 Monroe Avenue NW Timeline: N/A Status: Completed June 2021

Description: Acrisure’s new $33 million offices are housed in Studio Park, a mixed-use development at 123 Ionia Ave. SW that contains apartments, retail space, a restaurant, movie theater, hotel, and live music venue. About 700 people are expected to work from the 105,000 sq ft office.

Description: The 29-story, 35-year-old Amway Grand Plaza Hotel was retrofitted with a new glass exterior as part of a $40 million renovation project.

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GVSU Corewell Parking Structure

Box Board Lofts

Type: Parking Developer: Grand Valley State University General Contractor: Pioneer Construction Investment: $39.4 million

Type: Housing Developer: 3F Properties (Chicago)

General Contractor: N/A Investment: $31.3 million

Footprint: 420,000 square feet Address: 335 Michigan Street NE Timeline: N/A Status: Completed May 2021

Footprint: 185,000 square feet Address: 470 Market Ave SW Timeline: N/A Status: Completed July 2022

Description: Grand Valley State University designed and built the six-level parking ramp to conform to LEED certification standards. The parking structure is operated by the university as a condominium, with Corewell Health and GVSU owning their respective units.

Description: This multi-family housing development is housed in a building previously occupied by the American Boxboard Company. The development offers 173 units across three stories and an underground parking garage. The building comprises studio, one-, and two-bedroom units, along with amenities including a community pet wash, bike storage, a fitness center, and others.

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APPENDIX

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