arcturus

Is this proposal initiated by the owner? If it is, based on this property's history, it could be nothing more than the owner's ploy to determine its marketability by throwing out a proposal which, if accepted, increases its value.

My question is has the owner changed hands? How can they afford the expense of keeping it empty? Or potential revenue forgone post rehab?

WOOD-TV interviewed the MDOT rep for the region who's quoted in saying the cost will be around $600 million. Big price tag but I heard the state budget is receiving an extra 2 BILLION annually from online gaming revenue alone. Wondering if someone can confirm this. If true the budget pie slices are getting bigger.

Just put pedal to the metal. It's one of the shortest on-ramps I've experienced.

Is covered parking included with average rents going for around 2K/month? This is a significant cost factor which ultimately determines the rent people pay. Most apartments in the area rely on surface parking as a component to keep rents affordable, do they not?

For you critics of Sun Country, care to share your experience and when it happened?

That should keep Delta a bit more honest with its 4 daily inbounds from Minneapolis, at least for its limited overlap.

If it wasn't for the subjective nature of people's tastes I would be inclined to start a 'restaurants to avoid' thread. It's like these closures are a revelation after the fact. Of course that's not the nature of UP, it's against the unwritten code here. Personally, owning a restaurant would test my sanity.

August traffic was up 12.46% YOY and 8.09% YTD and roughly 38% YTD from 2021. https://www.grr.org/hubfs/08-2023 Aviation Activity Report.pdf?hsLang=en

Pretty much glory days for apartment developers. Employment growth, barriers to home ownership with persistent high interest rates, scarce supply because fewer are selling, and new home construction still running at a tepid pace are all contributors. It makes you wonder if economic circumstances are such that we're becoming more a nation of renters to buyers with an ever increasing amount of low income subsidies to fulfill the growing demand.

This should thrill the folks at 38 Commerce across the street who've been complaining for years about late night noise if approved.

Seems there's quite a few which think whatever this company touches goes downhill. https://old.reddit.com/r/grandrapids/comments/16376yr/worst_restaurants_in_town/jy1wl0f/

I've often wondered to what extent the downtown market could thrive without the park.

The area must be improving. No news of another robbery at Creston Market recently though I suspect the new developments will offer rent concessions from the $2,100/mth median rates, at least for a while.

Eye popping increase in studio and 1-bedroom rates. Landlords in a post Covid era recapturing income, mixed with surging demand as higher rates mean fewer qualified home buyers and ongoing shortage of homes despite a flat population trend. It's a perfect storm for apartment owners and current home owners who lease.

Rent from $1600 - $2700/mth. Is this in the ballpark with other recent developments? Curious how tough a sell is it these days to lease at these rates.

The difference is there IS a murderer that crossed the threshold from being simply capable. I'm guessing Ada or Zeeland have fewer candidates but hey, that's my perception.

Problem is, people hear there's been a murder and gloss over the details and know there's a person capable of murder that most likely lives in the area.

Recent murder in downtown isn't exactly going to help with perception - https://www.woodtv.com/news/grand-rapids/grpd-woman-shot-killed-downtown-grand-rapids/

April passenger traffic up 4.22% from a year earlier. Year to date up 5.34%. Cargo down across the board. https://www.grr.org/hubfs/04-2023 Aviation Activity Report.pdf?hsLang=en

Safety concerns cited. https://www.mlive.com/news/grand-rapids/2023/05/amid-safety-concerns-business-leader-warns-of-crisis-brewing-in-grand-rapids-office-market.html

Started May 4th. If it's on time, trips to Chicago arrival is 8:25 pm at the downtown Greyhound station, 6:30 pm for Detroit. Return trips get you back early afternoon from both locales. https://www.mlive.com/public-interest/2023/05/bus-service-to-chicago-now-available-from-grand-rapids-lansing.html

Any explanation as to why Elkhart-Goshen and Fort Wayne make the top 10?

From April 26th, the WSJ/Realtor.com Housing Index in First Quarter. https://www.wsj.com/articles/midwest-cities-led-wsj-realtor-com-housing-index-in-first-quarter-8eb5c557?mod=series_housingmarket <--paywalled? 'The Wall Street Journal/Realtor.com Emerging Housing Markets Index ranks the 300 biggest metro areas in the U.S. In addition to housing-market indicators, the index incorporates economic and lifestyle data, including real-estate taxes, unemployment, wages, commute time and small-business loans.' In the top 100, Grand Rapids-Wyoming topped the state at #60, followed by Saginaw (62), Monroe (68), Lansing-E Lansing (71), Ann Arbor (82), Battle Creek (95), and Kalamazoo-Portage (100). In neighboring states, Wisconsin led with 8 and Indiana had 3 in the top 10 (5 in top 100), IL 5, OH 7.

Really like the design and functionality, especially for a FLORAL shop in cloudy, rainy, often cold Grand Rapids. Brings in the light, can utilize passive solar, and evacuates water without the flat roof headaches.