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Steelcase to unload Pyramid

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Posted

Although hard to fathom, I kind of wondered if this was going to happen eventually. Apparently they don't need the space, and will consolidate everyone to their 44th St headquarters. The Pyramid is quite the icon, and at 550,000 sf, would make a great corporate HQs (other than its remote location).

http://www.mlive.com/business/west-michiga...ert_its_py.html

540211232_502da46462.jpg

Can't believe it was built for $111 Million back in 1989. :o

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Posted

I can't imagine any one company in West Michigan needing anything close to that amount of space now or anytime in the next few years. However, outside of the location, this type of building would make a GREAT small business / medical incubator. It could easily house 100 small startups (5,000sq ft each, which is a lot of space for a startup) along with advisors, collaboration spaces, etc., but not sure who could fund such a transformation of the interior of that building.

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Posted

I can't imagine any one company in West Michigan needing anything close to that amount of space now or anytime in the next few years. However, outside of the location, this type of building would make a GREAT small business / medical incubator. It could easily house 100 small startups (5,000sq ft each, which is a lot of space for a startup) along with advisors, collaboration spaces, etc., but not sure who could fund such a transformation of the interior of that building.

As has been the case in my office, I can only imagine the Amway jokes that are going around...

:whistling:

Maybe I missed it, but did they say that they intended to sell it? I did not get that from what I read. I think that it is a great location for a company headquarters; it is the kind of structure that could attract a new company to the area.

I also like the idea of making it an office building with multiple companies.

Someone in my office came up with the idea of turning it into a furniture museum.

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Posted

As has been the case in my office, I can only imagine the Amway jokes that are going around...

:whistling:

Maybe I missed it, but did they say that they intended to sell it? I did not get that from what I read. I think that it is a great location for a company headquarters; it is the kind of structure that could attract a new company to the area.

I also like the idea of making it an office building with multiple companies.

Someone in my office came up with the idea of turning it into a furniture museum.

They probably intend to lease it out, but would probably sell it for the right price (probably less than the 1989 construction price I'd bet). Maybe Foremost needs space.

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Posted

Looks like a building Google might want...

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Posted (edited)

Although hard to fathom, I kind of wondered if this was going to happen eventually. Apparently they don't need the space, and will consolidate everyone to their 44th St headquarters. The Pyramid is quite the icon, and at 550,000 sf, would make a great corporate HQs (other than its remote location). Can't believe it was built for $111 Million back in 1989. :o

That was back in the day when money was no object for them. My BIL has worked there since 1984 (so far has survived how many? downsizings). He & I used to visit at family gatherings and I would say those double digit sales increases every year are not sustainable - eventually the entire earth would be covered with Steelcase cubicles :whistling:. But upper managment just kept building - Stow Davis wood plant on Broadmoor - sold to Bosch, all the buildings on 44th /36th/Eastern - some now tore down, many sold, new wood plant on 68th. Those were the glory days though, huge quarterly bonuses, plus a year end bonus. If you were a customer, you wainted months to get your purchases manufactured.

Edited by Raildudes dad

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Posted

That was back in the day when money was no object for them. My BIL has worked there since 1984 (so far has survived how many? downsizings). He & I used to visit at family gatherings and I would say those double digit sales increases every year are not sustainable - eventually the entire earth would be covered with Steelcase cubicles :whistling:. But upper managment just kept building - Stow Davis wood plant on Broadmoor - sold to Bosch, all the buildings on 44th /36th/Eastern - some now tore down, many sold, new wood plant on 68th. Those were the glory days though, huge quarterly bonuses, plus a year end bonus. If you were a customer, you wainted months to get your purchases manufactured.

Hmmm, all before they took their stock public...

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Posted

As has been the case in my office, I can only imagine the Amway jokes that are going around...

:whistling:

Maybe I missed it, but did they say that they intended to sell it? I did not get that from what I read. I think that it is a great location for a company headquarters; it is the kind of structure that could attract a new company to the area.

I also like the idea of making it an office building with multiple companies.

Someone in my office came up with the idea of turning it into a furniture museum.

Actually Amway does need more office space. Maybe not that much but they are basically out of space in Ada. Plus their datacenter is just down the road.

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Posted

No they are not. The deal is far from final. Private talks were in the works and word got out. 

 

 

It should be a casino IMO...

 

Good idea. It would make an excellent casino actually. Close to the airport too.

 

In reference to word getting out, the pictures appear to be an orchestrated tour of the building. Did "word get out" because of the State tax dollars that are being requested? (as it should)

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Posted

Good idea. It would make an excellent casino actually. Close to the airport too.

 

In reference to word getting out, the pictures appear to be an orchestrated tour of the building. Did "word get out" because of the State tax dollars that are being requested? (as it should)

 

Word got out because of tax dollars, it being STEM related, and it being a large employer with a big name in the area. 

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Posted

No they are not. The deal is far from final. Private talks were in the works and word got out. 

 

 

It should be a casino IMO...

 

Or a joint facility used by GRCC/Davenport/GVSU, or perhaps they will be incorporated under the STEM umbrella?

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Posted

For what it is worth, I heard they've been trying for years and while it is a cool building (although very outdated on the inside), it is nearly impossible to sell. It's difficult to chop up into multi-tenant use, it can't be re-used as a hotel (odd footprint), so one user is the best option. But who wants/needs it. 

 

I've heard that it isn't out of the realm of possibility that they'd eventually knock it down. Crazy turn of events, especially with the $100+ million 1980's price tag.

 

To bad it wasn't closer (on the wrong side of M-6) to Davenport. They could give it to them and it'd make a pretty cool focal point for their campus.

 

Joe

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Posted

For what it is worth, I heard they've been trying for years and while it is a cool building (although very outdated on the inside), it is nearly impossible to sell. It's difficult to chop up into multi-tenant use, it can't be re-used as a hotel (odd footprint), so one user is the best option. But who wants/needs it. 

 

I've heard that it isn't out of the realm of possibility that they'd eventually knock it down. Crazy turn of events, especially with the $100+ million 1980's price tag.

 

To bad it wasn't closer (on the wrong side of M-6) to Davenport. They could give it to them and it'd make a pretty cool focal point for their campus.

 

Joe

 

 

I honestly think a casino that temporary-name suggested is a good idea. In a market that is becoming saturated with Indian-run casinos, it would certainly differentiate itself looking like a pyramid (I can see the ads now, maybe with an obelisk of light shooting out the top like the Luxor in Vegas). ;)

 

Keep some of that revenue in Kent County instead of going to Wayland/Allegan County or other casino locales.

 

If it gets knocked down, it will just become another light industrial site, I'm afraid.

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Posted

It would be a shame if it was torn down but, I dont know about a casino, I personally would much rather see one downtown, you can hardly even see it from the highway although soaring eagle and four winds you cant either 

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Posted

Hearing rumors that Steelcase finally unloaded this thing.

True?

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Posted

I'm not in town and only hearing stories from relatives. I haven't had reliable internet to look either since I only have my phone.

 

Your relatives might want to consider listening to our local NPR station, which is where I heard it first. (Also, WGVU provides minimal coverage of "news" about celebs and silly stuff.)

 

HTH

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Posted

That is an amazing building - HUGE.  It's also amazing to think how much Steelcase has shrunk.  At one time I think they had 10k employees in the Grand Rapids area.  I think it's something like 3,000 to 3,200, in GR, and about 10k worldwide now.

 

Best of luck to those at the Pyramid Campus.  Very ambitious plans there.  Does anyone know how many commitments they have for fill the spaces?  

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