EastownLeo

234 Market, former Lady Godiva's

99 posts in this topic


That's great news!

Wasn't he asking a ton of money for that?  Curious what he ended up getting for it. 

 

BTW, I like Fox 17's photo of the JW Marriott for the story. It looks like we have really nice 20+ story strip clubs here.  =)

Edited by mgreven

Share this post


Link to post
Share on other sites

He was asking 6 million.

 

http://www.urbanplanet.org/forums/index.php/topic/116380-showgirls-galleria-on-market-ave-for-sale/

 

I doubt he got that much. I would guess it was sold for just under 3 million, but who knows.

 

What is really surprising is that they want to do apartments/condos here.  I for sure would have thought Founders wanted that land.  The next Founders expansion is probably going to end up in an industrial park somewhere anyway.

Share this post


Link to post
Share on other sites

He was asking 6 million.

 

http://www.urbanplanet.org/forums/index.php/topic/116380-showgirls-galleria-on-market-ave-for-sale/

 

I doubt he got that much. I would guess it was sold for just under 3 million, but who knows.

 

What is really surprising is that they want to do apartments/condos here.  I for sure would have thought Founders wanted that land.  The next Founders expansion is probably going to end up in an industrial park somewhere anyway.

I could also see Founders buying up some of the other industrial land in blocks around them.  I think that the tax credits and funding that they find in the city really helps.  Things they would not find in the suburban industrial areas.

Share this post


Link to post
Share on other sites

He was asking 6 million.

 

http://www.urbanplanet.org/forums/index.php/topic/116380-showgirls-galleria-on-market-ave-for-sale/

 

I doubt he got that much. I would guess it was sold for just under 3 million, but who knows.

 

What is really surprising is that they want to do apartments/condos here.  I for sure would have thought Founders wanted that land.  The next Founders expansion is probably going to end up in an industrial park somewhere anyway.

 

They should. Founders should not be able to turn this key area into a string of mega warehouses and characterless industral buildings for their operations. Their current expansion, along with the ITP building and Custer's Office Enviorment HQ all are either a bit too cold or suburban looking in terms of their street frontage to encourage more of that type of thing.

 

 I hope Market St. now can develop in a way where it becomes a seemless extension of the DT area. A place where people feel comfortable doing more than driving through really fast in order to get out of there or turning around because they think they hit a shady part of town. This building is a huge reason why development there would have never taken place if it remained as a club. Thank goodness that is now gone.

Share this post


Link to post
Share on other sites

Market St won't get much better until the city sells that lovely parcel of land across the street adjoining the river.  It looks like it houses various city operations.  Put a beach and possible rapids launch on that strip island, strong arm Azzar to sell his eyesore to the city for city personnel relocation and I'll get more excited.  A pity the rail slices right through it.

 

By the way, that bus maintenance center is frig'n huge from a satellite perspective.  Picturing in my mind Founder's new expansion it's still only half the size of the center.

Share this post


Link to post
Share on other sites

And there's one holdout single-family house in the middle of all of that.  Interesting.

Share this post


Link to post
Share on other sites


And there's one holdout single-family house in the middle of all of that.  Interesting.

 

There is?

Share this post


Link to post
Share on other sites

Mlive has an update on this project. 11 stories, 60k sq.ft. Of commercial, 260 units. 

 

Share this post


Link to post
Share on other sites
49 minutes ago, tSlater said:

So about 26 units per floor.  Hmm.

It's a big site, about 85,000 square feet. Might be two towers or two sections, 11 stories each. 

The scale of this project sounds pretty large. 260 units plus common space is probably at least 250,000 sf, + 60,000 commercial. A sizable project is needed there though to make any dent in its "industrial feel." 

23648799622_a84481c2ac_b.jpg

 

Share this post


Link to post
Share on other sites


By comparison, Arena Place is 200,000 square feet in two buildings, and Fulton Place is 125,000 square feet. 

This would be the largest mixed use project built downtown since Bridgewater Place. And with 60,000 square feet of "retail/commercial" and the size of this site for parking, they could get a fairly large retail anchor in there.

 

Share this post


Link to post
Share on other sites

Did Maplegrove develop 38 Commerce or purchase it?  i remember 38 Commerce being proposed and then it seemed like it started going up real quick after without any fanfare or politics, or long drawn out North Monroe hotel type crap.  If that's the case that gives me a little confidence boost that they are solid in what they do.

Share this post


Link to post
Share on other sites
7 minutes ago, MJLO said:

Did Maplegrove develop 38 Commerce or purchase it?  i remember 38 Commerce being proposed and then it seemed like it started going up real quick after without any fanfare or politics, or long drawn out North Monroe hotel type crap.  If that's the case that gives me a little confidence boost that they are solid in what they do.

No, Maplegrove bought 38 Commerce from Locus Development, which split up (one of the owners is now a big wig at Founders full time).

Maplegrove also bought Hopson Flats recently.

Article says Rockford Construction is providing development and construction services, This thing will go up.

 

Share this post


Link to post
Share on other sites

I wish we'd see some renders on this. Anyone seen anything?

Share this post


Link to post
Share on other sites

It'll be interesting to see if which of these projects will not get built. It doesn't seem like they'll all go up. I'm interested to see the renderings but I'm partial to infill in the core city first. It'll be interesting to watch these projects duke it out for residents. 

Joe

Share this post


Link to post
Share on other sites

Can the city grow North and South at the same time?  This would be a big leap to push for river front development between Fulton and Wealthy.  GVSU already started the move on the west side of the river.

I know that some of the buildings on the west side of the river closer to Wealthy have recently been purchased and the owners are doing minimal cleanup knowing that they are sitting waiting to be bought up for development.  It won't be long until Padnos gets bought up  and the tanglefoot building will become a great residential option.

Share this post


Link to post
Share on other sites
On 12/15/2015 at 7:58 PM, GRDadof3 said:

This thing will go up.

 

Any updates on this?

Share this post


Link to post
Share on other sites
5 hours ago, arcturus said:

Any updates on this?

I was just going to ask you the same thing. 

Share this post


Link to post
Share on other sites
5 hours ago, GRDadof3 said:

I was just going to ask you the same thing. 

I'm honored.

Share this post


Link to post
Share on other sites
10 hours ago, arcturus said:

I'm honored.

No, I haven't seen anything yet. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.