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Medical Mile/Michigan Street Developments


joeDowntown

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4 hours ago, droonus2000 said:

I believe that’s one of the most profitable in the Midwest.  I would think if anything were to be done, McDonalds would be the sole retail tenet.  But the Bk down the road sold for $11 million.

I thought a land swap to move then to the other side of the street might work at some point. :) they won’t be able to extend to far down Michigan on the north side with Heritage Hill bordering it. 

Joe

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10 hours ago, joeDowntown said:

I thought a land swap to move then to the other side of the street might work at some point. :) they won’t be able to extend to far down Michigan on the north side with Heritage Hill bordering it. 

Joe

I think some kind of residential (hotel or hospitality house) might be cool there, and put McDonald's on the main floor. Seems like I heard recently that all the hospitality houses (Ronald McDonald House, Renucci, St Mary's) are basically full all the time, and that people are regularly referred to downtown hotels instead. 

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1 hour ago, joeDowntown said:

Are “hospital hotels” a thing? Kinda of like an airport hotel (attaches to the complex, no need to leave). Seems like that would be an interesting idea for an extended stay-suite chain. 

Joe

A few articles...

https://www.beckershospitalreview.com/facilities-management/why-hospitals-of-the-future-will-include-hotels-on-campus.html

https://www.nytimes.com/2016/12/20/realestate/commercial/hospitals-hotels.html

https://qz.com/545967/in-scandinavia-patient-hotels-provide-an-alternative-to-hospitals/

Here's a pretty ambitious medical tower and attached hotel in Houston:

https://www.prnewswire.com/news-releases/medistar-announces-development-of-major-medical-tower-at-texas-medical-center-300559059.html

The Texas Medical Center is obviously WAY bigger than Spectrum, but a smaller scale project might work here. 

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It'll probably remain a stand-alone McDonalds site for decades and decades to come, becoming our own version of this place in Chicago:

mcd-Todd-Lappin-flickr.jpg

 

Which apparently has been demolished for a bigger, fancier McDonalds:

https://chicago.eater.com/2018/1/30/16951510/mcdonalds-future-chicago-rock-and-roll-replacement-river-north 

Apparently they're engaging in a campaign to purge their history and replace all of their classic locations. 

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9 hours ago, tSlater said:

It'll probably remain a stand-alone McDonalds site for decades and decades to come, becoming our own version of this place in Chicago:

mcd-Todd-Lappin-flickr.jpg

 

Which apparently has been demolished for a bigger, fancier McDonalds:

https://chicago.eater.com/2018/1/30/16951510/mcdonalds-future-chicago-rock-and-roll-replacement-river-north 

Apparently they're engaging in a campaign to purge their history and replace all of their classic locations. 

That's actually a cool Mac Dick's. I'd take that in GR

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22 hours ago, EastownLeo said:

Not sure where this should go. but.

https://mibiz.com/sections/real-estate-development/developer-616-lofts-files-for-bankruptcy

616 Lofts is Bankrupt.

This whole thing is really weird. They list liabilities of $1 Million to $10 Million, but only list assets of $1 - $50,000. So who owns all of the buildings now? Did the new management firm just get transferred all of that real estate and not have to buy them? 

Seems like a big shell game to me. 

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23 minutes ago, GRDadof3 said:

This whole thing is really weird. They list liabilities of $1 Million to $10 Million, but only list assets of $1 - $50,000. So who owns all of the buildings now? Did the new management firm just get transferred all of that real estate and not have to buy them? 

Seems like a big shell game to me. 

The buildings and their financing packages must have been transferred to the new entity.  I have to imagine that was included in the re-org of original assets.  If it were not their liabilities would be in the hundreds of millions, even with every project as an individual LLC.  Notice there are not many financial institutions listed as creditors.  

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2 hours ago, MJLO said:

The buildings and their financing packages must have been transferred to the new entity.  I have to imagine that was included in the re-org of original assets.  If it were not their liabilities would be in the hundreds of millions, even with every project as an individual LLC.  Notice there are not many financial institutions listed as creditors.  

That is true, but it's also interesting that the new entity is pretty much the same investor group (minus Coppess) according to the article.

I see some of the creditors are First Companies and Jeffrey Baker Trust (Baker family owns First Companies I believe. Unfortunate that they got burned, they're good people from experiences with them about 20 years ago. 

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On 3/11/2018 at 8:31 AM, GRDadof3 said:

88 townhomes planned for 2233 Michigan, where there's currently a church. I seem to remember this was posted here somewhere before. Orion appears to be the developer.

 

5aa521b6c3200_2233Michigan.thumb.JPG.c0ee7dabdc291d6204ff3de3e5dc5a75.JPG

http://www.grbj.com/articles/90190-firm-proposes-88-unit-townhouse-project

The church is coming down as we speak!  I'm kind of excited for this one, it will be some nice infill.

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15 hours ago, joeDowntown said:

Anyone ever see renderings of this project? Curious to see what it'll look like. 

Joe

It's just a bunch of suburban style townhouses. I'll see if I can dig up some of the drawings. 

Here ya go. Similar to their project on Spaulding in Cascade. 

2233 michigan site plan.JPG

2233 Michigan.JPG

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On 2/1/2019 at 9:31 AM, GRDadof3 said:

The owner/developer of Redstone Group (suburban condos) is proposing to build a 20 unit 2 story apartment building at 1542 Michigan St, behind an existing 12 unit apartment building. One of those complexes that you don't even notice typically. 

1411830021_1542michiganapartments.thumb.JPG.109a3559a17c16852813279b9176dd43.JPG

 

https://goo.gl/maps/Rshc9oAmhrA2

Yay! Bring on the density!  (I'm sure the neighbors will love it)

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  • 4 weeks later...
On 2/1/2019 at 9:31 AM, GRDadof3 said:

The owner/developer of Redstone Group (suburban condos) is proposing to build a 20 unit 2 story apartment building at 1542 Michigan St, behind an existing 12 unit apartment building. One of those complexes that you don't even notice typically. 

1411830021_1542michiganapartments.thumb.JPG.109a3559a17c16852813279b9176dd43.JPG

 

https://goo.gl/maps/Rshc9oAmhrA2

Planning commission says no:

MLIVE: planning-commission-rejects-proposal-for-grand-rapids-apartment-building

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Quote

Kyle Van Strien, who chairs the planning commission, said he voted against the project because of “secondary” impacts the additional residential units would bring to the area, such as traffic and noise.

I really wish this would stop being used as a justification.

 

Traffic is coming in and out onto Michigan. No home is really going to be affected by that. "Noise" is just to vague. If someone is going to be that loud, then just call the landlord or the police.

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