GRLaker

Suburban Projects

135 posts in this topic

A couple of things I noticed in Grandville and Wyoming...

1. Does anyone know what is being built on the corner of Wilson and 52nd? I remember talk a while ago of there being a large upscale apartment complex being built there, but I hadn't heard anything since. Now that land has been completely cleared out and a building has been erected.

2. What is going in at Metro Health? There is what looks to be a small building going up right on the road. Also, there is what looks to be a larger building going up behind it with two cement structures on either side now sticking up from the earth. 

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Excellent. A development like that is much needed in the suburbs to hopefully drive down costs area-wide. It's easy to raise rent to above affordable levels when demand is high and the market isn't producing anything in the suburbs. Between this and the Grandville castle, it will definitely make a positive impact for the consumer.  

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9 minutes ago, GRLaker said:

Excellent. A development like that is much needed in the suburbs to hopefully drive down costs area-wide. It's easy to raise rent to above affordable levels when demand is high and the market isn't producing anything in the suburbs. Between this and the Grandville castle, it will definitely make a positive impact for the consumer.  

A plan for even more apartments was opposed by homeowners in the area awhile back.

http://www.mlive.com/business/west-michigan/index.ssf/2015/05/wyoming_homeowners_opposed_to.html#incart_related_stories

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8 minutes ago, WMrapids said:

A plan for even more apartments was opposed by homeowners in the area awhile back.

http://www.mlive.com/business/west-michigan/index.ssf/2015/05/wyoming_homeowners_opposed_to.html#incart_related_stories

That I can understand. That is a nice neighborhood with high home values and this proposal seems to aim at connecting the apartment complex to the neighborhood. While this complex looks to be upscale, it wouldn't stay that way in the distant future. So it's in their best interest to keep that land open for home development, which I'm sure will transpire soon. They should instead try to build those on the land kitty-corner to the one going up. It's a large plot of empty land and there are no subdivisions around it. 

Edited by GRLaker

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There's also a development that may happen near 44th and Wilson, north of the gas station.image.jpeg

Edited by WMrapids

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25 minutes ago, WMrapids said:

There's also a development that may happen near 44th and Wilson, north of the gas station.image.jpeg

I also saw that there's a new hotel going in along Rivertown Parkway by the Maserati dealership, for those interested. 

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29 minutes ago, WMrapids said:

There's also a development that may happen near 44th and Wilson, north of the gas station.image.jpeg

 

Unfortunately, the print is unreadable on my screen. Is that going to be an apartment building or a retirement community?

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3 hours ago, WMrapids said:

Here's the link to the other proposal as well. I couldn't get a good screenshot.

http://grandvillecitymi.minutesondemand.com/Document/30083ae0-ca13-e611-9e45-001fbc00ed84/cou-packet-05092016.pdf#search=

Even zoomed in on the PDF, it's not all that clear. But the plan was submitted by Leisure Living, who specializes in senior living. Their portfolio locally includes Yorkshire & Stonebridge Manors on Leonard in Walker, Georgetown & Cambridge Manor in Jenison, Boulder Creek Assisted Living in Rockford, and the Fountain View assisted living homes in Coopersville, Lowell, Grant, etc.

Edited by getemngo

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On 9/8/2016 at 11:31 AM, WMrapids said:

There's also a development that may happen near 44th and Wilson, north of the gas station.image.jpeg

Senior living development seems to have broken ground.

 

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I don't know how many people are interested in this, but in writing an "article" recently, I came across a stat that the industrial space vacancy rate in West Michigan is a really low 4% this year, which is an astonishingly good stat. Sort of blows out the water the mantra that manufacturers have moved everything to Mexico, but I digress.

While I was out in Ford Airport area, which is industrial space central, I captured some pictures of the building boom out in that area. 

This was just some of it:

Lacks Industries Plastic Plate division has a HUGE new building off of Kraft Avenue.

30631207191_252813d24e_b.jpg

 

This is the airport viewing area, which was strangely packed when I was out there. Over to the left you can see Bob Grooter's new Area 52 project, phase 1, which will eventually equal close to 1 Million square feet of industrial space.

30631206971_f0b2512999_b.jpg

 

Airport expansion going on. Pretty crane.

30631206741_634ce57037_b.jpg

 

This is one of a couple of "spec" buildings that were built at 36th and Broadmoor. Look to be filled up already in building 1. 

30419147910_92799e8caf_b.jpg

 

Some building at the corner of Patterson and 52nd under construction.

30720218475_edfffc5182_b.jpg 

 

A whole bunch of businesses along Broadmoor had NOW HIRING signs out in front, a BUNCH. 

Davenport's expansion:

30631207451_2d6a1dc13e_b.jpg

 

 

 

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15 hours ago, GRDadof3 said:

I don't know how many people are interested in this, but in writing an "article" recently, I came across a stat that the industrial space vacancy rate in West Michigan is a really low 4% this year, which is an astonishingly good stat. Sort of blows out the water the mantra that manufacturers have moved everything to Mexico, but I digress

Does the vacancy rate include property such as the GM facility on Burlingame?  The low vacancy may in part be due to industrial that has been razed, abandoned, or re-purposed into something other than manufacturing.  I see this happening throughout Chicago, one example being Lagunitas Brewing which occupies the former Ryerson Steel plant.  On second thought that might not be a good example ... at least we've replaced steel with beer!

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53 minutes ago, arcturus said:

Does the vacancy rate include property such as the GM facility on Burlingame?  The low vacancy may in part be due to industrial that has been razed, abandoned, or re-purposed into something other than manufacturing.  I see this happening throughout Chicago, one example being Lagunitas Brewing which occupies the former Ryerson Steel plant.  On second thought that might not be a good example ... at least we've replaced steel with beer!

The GM facility on Burlingame isn't anywhere near vacant.  In the last couple years they've invested a ton of money and doubled the staff, the place is humming.  In all of the years I've been around that facility I've never seen the parking lot so full.   You need to drive by the Burton portion of it to see where employees park.  Driving along the Burlingame stretch gives a very false sense of empty.

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1 hour ago, arcturus said:

Does the vacancy rate include property such as the GM facility on Burlingame?  The low vacancy may in part be due to industrial that has been razed, abandoned, or re-purposed into something other than manufacturing.  I see this happening throughout Chicago, one example being Lagunitas Brewing which occupies the former Ryerson Steel plant.  On second thought that might not be a good example ... at least we've replaced steel with beer!

It doesn't include property that is owned and occupied by the owner, like a Herman Miller plant or LG Chem plant. Just space that is leased, is tracked in that stat. My Lacks Plastic Plate picture is actually a bad example, because it's not included in that stat.

There are 1800+ buildings with 115 Million square feet of industrial space in the West Michigan market, that are "leased," according to Colliers. The actual vacancy rate is 5.5% if you include warehousing, 4.4% for manufacturing space. 

http://www.colliers.com/-/media/files/marketresearch/unitedstates/markets/west michigan/2016/market trends/q3_2016_west michigan industrial_market report.pdf

The national average vacancy rate dropped down to below 6% earlier this year, way below the historical average:

http://www.cushmanwakefield.com/en/research-and-insight/2016/usq3-market-beat-reports/

 

8 minutes ago, MJLO said:

The GM facility on Burlingame isn't anywhere near vacant.  In the last couple years they've invested a ton of money and doubled the staff, the place is humming.  In all of the years I've been around that facility I've never seen the parking lot so full.   You need to drive by the Burton portion of it to see where employees park.  Driving along the Burlingame stretch gives a very false sense of empty.

I was going to say the same.

http://www.mlive.com/auto/index.ssf/2015/06/gm_investing_119_million_at_gr.html

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1 hour ago, arcturus said:

Does the vacancy rate include property such as the GM facility on Burlingame?  The low vacancy may in part be due to industrial that has been razed, abandoned, or re-purposed into something other than manufacturing.  I see this happening throughout Chicago, one example being Lagunitas Brewing which occupies the former Ryerson Steel plant.  On second thought that might not be a good example ... at least we've replaced steel with beer!

And brewing beer is considered manufacturing. Founders now has just over 300 employees and is probably considered one of the fastest growing manufacturers in the region. 

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17 minutes ago, GRDadof3 said:

And brewing beer is considered manufacturing. Founders now has just over 300 employees and is probably considered one of the fastest growing manufacturers in the region. 

Yep, that's the reason I said it wasn't a good example.  

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40 minutes ago, MJLO said:

The GM facility on Burlingame isn't anywhere near vacant.  In the last couple years they've invested a ton of money and doubled the staff, the place is humming.  In all of the years I've been around that facility I've never seen the parking lot so full.   You need to drive by the Burton portion of it to see where employees park.  Driving along the Burlingame stretch gives a very false sense of empty.

Good to know.  The article GRDad points to showed employment of 530 at that time.  Wondering what it is now.  

For perspective the 2 GM plants at peak employment was 6800.  

http://www.mlive.com/business/west-michigan/index.ssf/2009/07/wyoming_struggles_with_loss_of.html

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1 hour ago, arcturus said:

Good to know.  The article GRDad points to showed employment of 530 at that time.  Wondering what it is now.  

For perspective the 2 GM plants at peak employment was 6800.  

http://www.mlive.com/business/west-michigan/index.ssf/2009/07/wyoming_struggles_with_loss_of.html

And Flint used to have almost 100,000 people working at GM and now have something like 9000. Manufacturers can do a lot more with a lot fewer than they used to need. Although now it seems like they can't hire enough people fast enough. People have changed their attitudes about what kind of work they'll do (for the pay that mfr's are offering). 

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22 hours ago, GRDadof3 said:

And Flint used to have almost 100,000 people working at GM and now have something like 9000. Manufacturers can do a lot more with a lot fewer than they used to need. Although now it seems like they can't hire enough people fast enough. People have changed their attitudes about what kind of work they'll do (for the pay that mfr's are offering). 

Yep, send the jobs elsewhere to countries whose citizens aren't as selective as we've become.

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In talking with someone very close to the project I learned that one local mall is getting very close to announcing a MAJOR overhaul, including the addition of a new anchor tenant not yet in the area and a new wing of stores, not to mention a huge update of the campus to make it more appealing to the region's higher end shoppers. I can't really say more than that because it does affect current configurations at the mall and employees. 

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25 minutes ago, GVSUChris said:

In talking with someone very close to the project I learned that one local mall is getting very close to announcing a MAJOR overhaul, including the addition of a new anchor tenant not yet in the area and a new wing of stores, not to mention a huge update of the campus to make it more appealing to the region's higher end shoppers. I can't really say more than that because it does affect current configurations at the mall and employees. 

How major is MAJOR? :D

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30 minutes ago, GVSUChris said:

In talking with someone very close to the project I learned that one local mall is getting very close to announcing a MAJOR overhaul, including the addition of a new anchor tenant not yet in the area and a new wing of stores, not to mention a huge update of the campus to make it more appealing to the region's higher end shoppers. I can't really say more than that because it does affect current configurations at the mall and employees. 

When you say "local mall," do you mean one of the regional malls? (Woodland or Rivertown?). Rivertown is looking pretty dated already I've noticed. But there have been rumors about Woodland taking out the Sears store and tire center. 

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