Development Report 2025

1309 Madison Avenue 1

Benteler Automotive 4

Type: Multifamily Developer: ICCF Community Homes General Contractor: ICCF Community Homes Investment: $18 million Footprint: 45 units Address: 1309 Madison Avenue SE, Grand Rapids Timeline: Completion Summer 2026 Status: In progress

Type: Industrial Developer: N/A

General Contractor: N/A Investment: $105 million Footprint: 317,000 sf

Address: 3901 Buchanan St. SW Timeline: Broke ground late 2024 Status: Announced

Description: ICCF is targeting the development to serve renters earning between 30% and 80% of the area median income. The project will include on-site parking, green space, and a playground.

Description: Benteler will use its new facility on the Site 36 property to manufacturer components for the automotive battery industry.

Type: Mixed-Use Developer: Amplify GR General Contractor: Rockford Construction Investment: $30 million Boston Square Together 5

Amway Expansion 2

NEW DEVELOPMENT PROJECTS DETAILS

Type: Manufacturing Developer: N/A

General Contractor: N/A Investment: $127.6 million Footprint: 48,000 sf renovation; 18,750 new sf Address: 7575 Fulton Street East, Ada MI Timeline: End of 2026 Status: Announced Description: Amway will relocate its research and development office from Southern California to Ada, bringing 260 new high-paying jobs to the region.

Footprint: 57 units (additional 45 units in second phase) Address: 1460 Kalamazoo Avenue SE, Grand Rapids Timeline: Spring 2026 expected completion Status: In progress Description: The project will include one, two, and three bedroom units for families making between 20% and 120% of the area median income. A second phase will add 45 additional units, along with a 9,000 square foot hall for local food businesses.

Shops at CenterPoint 6

3

Bamboo Coworking Space (UICA Remodel)

Type: Commercial (Acquisition) Developer: Bridge33 Capital

Type: Office Developer: Bamboo

General Contractor: N/A Investment: $70 million Footprint: 537,948 sf Address: 3665 28th Street SE, Grand Rapids Timeline: N/A Status: Purchase complete

General Contractor: N/A Investment: $4.5 million Footprint: 39,418 sf Address: 17 Pearl Street NW, Grand Rapids Timeline: N/A Status: In progress

Description: CenterPoint Mall was purchased by an affiliate of Bridge33 Capital for $70 million from Pine Tree Commercial in January 2025.

Description: In April 2025, Detroit-based Bamboo purchased the former Urban Institute for Contemporary Art gallery to transform the building into a coworking space.

111 Lyon CWD Real Estate Grand Rapids, MI

NEW DEVELOPMENT PROJECTS – DETAILS 34

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