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Wealthy Street Mega Thread

joshleo

By joshleo
in Grand Rapids

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GRDadof3 Ecumenopolis

GRDadof3

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3 hours ago, GVSUChris said:

When you say not from the area...haha...

Does that imply chain-format "not from around here" or a store that exists on the lakeshore and wants to open another location "not from around here?" 

Personally I would love to see some cool high-end retail like Shinola pop-up in this area, and then I remember where we live. Glad to hear it is retail! 

It's not a done deal yet apparently so I don't think it should dissuade anyone also interested in this building. Terra Firma also got the land across the street in this deal and is looking for ideas...

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terra firma
terra firma

Joe,  watch 701 Wealthy (ex: Royals) for some movement pretty quickly here -- as of today have a Lease in place with Good Truckin' Cafe, an established 6-store operator (started as a food truck, now a

terra firma
terra firma

We try pretty hard to keep things positive and are always excited about growth in our market, whether its "us" or the other guy.     We are big fans of the Wealthy St. retail market area and we celebr

terra firma
terra firma

@ GR Urbanist-- yes we are busy cleaning that fire mess up as we simultaneously are rebuilding 650 Wealthy next to it  (Dime& Regal, Palace Flophouse)  from damage related to the fire.   We'd have

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GRDadof3 Ecumenopolis

GRDadof3

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On 11/29/2017 at 9:10 AM, EastownLeo said:

Im confused why it says "Lot for sale"?

If you go through all of the approval processes and get a proposed project approved, those "entitlements" can be passed along to the new buyer, sometimes fetching you a better price on the land. 

http://www.wikinvest.com/stock/Rayonier_Inc._REIT_(RYN)/Entitlement_Development_Real_Estate_Entails_Lengthy_Uncertain_Costly

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EastownLeo Hamlet

EastownLeo

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4 hours ago, GRDadof3 said:

If you go through all of the approval processes and get a proposed project approved, those "entitlements" can be passed along to the new buyer, sometimes fetching you a better price on the land. 

http://www.wikinvest.com/stock/Rayonier_Inc._REIT_(RYN)/Entitlement_Development_Real_Estate_Entails_Lengthy_Uncertain_Costly

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Pattmost20 Hamlet

Pattmost20

Posted
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4 hours ago, GRDadof3 said:

If you go through all of the approval processes and get a proposed project approved, those "entitlements" can be passed along to the new buyer, sometimes fetching you a better price on the land. 

http://www.wikinvest.com/stock/Rayonier_Inc._REIT_(RYN)/Entitlement_Development_Real_Estate_Entails_Lengthy_Uncertain_Costly

We just had a guy do that on a lot a few doors down from our cottage up north. The lot was "unbuildable" (only because of an old ordinance that only allows waterfront lots to be built on if they are minimum 100' frontage). So he bought the lot cheap, got a variance to build, turned around and sold it for more than double.

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GRDadof3 Ecumenopolis

GRDadof3

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1 hour ago, Pattmost20 said:

We just had a guy do that on a lot a few doors down from our cottage up north. The lot was "unbuildable" (only because of an old ordinance that only allows waterfront lots to be built on if they are minimum 100' frontage). So he bought the lot cheap, got a variance to build, turned around and sold it for more than double.

Exactly, but going through the approval process is not cheap. But I've heard of residential properties being rezoned to commercial (through a long multi year battle) and getting 4x the price per acre. 

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GRDadof3 Ecumenopolis

GRDadof3

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On 6/17/2017 at 10:56 AM, GRDadof3 said:

Here's the layout of the Harmony expansion. Part of the lot will be turned into outdoor seating, and the little triangle area between the building will be 3 - 4 season room with operable garage doors. 

 

Harmony Brewing Aerial.JPG

 

34552587333_0b390b412a_o.jpg

 

Saw a bunch of equipment out working on this expansion today. 

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GRDadof3 Ecumenopolis

GRDadof3

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40 minutes ago, Pattmost20 said:

Oh good old Jenison, deteriorating strip malls galore, but god forbid someone open a bar!

They're actually fixing up a lot of the strip malls in Jenison, and added new lighting and bike paths along Chicago Drive (I work a lot our there now). But yes it's pretty much still the same old Jenison.

Licari's is also opening a new location WAYYY out at 36th and Baldwin by Hudsonville Middle School. All those soccer moms and the Wine Down Wednesday happy hours, look out Hudsonville! :)

 

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Pattmost20 Hamlet

Pattmost20

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1 hour ago, GRDadof3 said:

They're actually fixing up a lot of the strip malls in Jenison, and added new lighting and bike paths along Chicago Drive (I work a lot our there now). But yes it's pretty much still the same old Jenison.

Licari's is also opening a new location WAYYY out at 36th and Baldwin by Hudsonville Middle School. All those soccer moms and the Wine Down Wednesday happy hours, look out Hudsonville! :)

 

Just saying, when Hudsonville has a more progressive attitude towards alcohol...

I'm glad to hear work is being done in Jenison, could be a nice little shopping district if they modernize it a bit.

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GRCentro Hamlet

GRCentro

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43 minutes ago, MJLO said:

I would have thought building would have needed exstensive renovations, but apparently no?

Quite a bit of work was already completed awhile ago. Aside from the shopfronts, the entire building envelope was stabilized, including a new roof and a full masonry restoration -- really well done, actually. I believe most of the interior was gutted, too.

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GRDadof3 Ecumenopolis

GRDadof3

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1 hour ago, Fox Naturals said:

Hi Urban Planet! We are Fox Naturals, a natural skin + body care company located right here in Grand Rapids. This spring, we are excited to say we will be opening our first brick and mortar store at 619 Wealthy Se. We cannot wait to be able to serve the clients in our area. Check us out at www.fox-naturals.com , we'd love to hear from you!

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Foxy-1691.jpg

Welcome Fox Naturals, are you taking the entire building? Normally we don't allow advertising here but we'll let it slide. :)

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