One of the last vacant buildings to be redeveloped on Grand Rapids' Commerce Avenue SW should be complete by late fall, bringing 31 loft apartments to Heartside.
Fusion Properties is giving the building a massive $3 million overhaul following a 15-year stretch when the building at 100 Commerce, at the crossroads of Commerce and Oakes St. SW, sat vacant and decaying across from
Cooley Law School's Grand Rapids campus.
"I was a partner and contractor in the development of
Hopson Flats, which is mostly three- and four-bedroom apartments," says Doug Gulker, managing partner of Fusion Properties and Gulker Group. "Gulker Group manages Hopson Flats, and we found there is a need for more one- and two-bedroom apartments. Grand Central Lofts is not a student-only project, but we expect a lot of our tenants to be Cooley Students."
Gulker says his research shows that the aging four-story building was once a commercial bakery called City Bakery. It's most recent use was as a manufacturing facility for Fireboy, maker of fire protection products.
Of the 31 apartments, six will be studios, plus 16 one-bedroom and 9 two-bedroom lofts. Some 1,500 square feet on the main level will be retail with storefront windows overlooking both Commerce and Oakes.
"Ideally, we would like some kind of coffee shop or small convenience store for local business people and students, maybe something with a lounge area," Gulker says. "There's not much around there where residents can go to grab a gallon of milk."
The apartments will have exposed brick walls, new wood floors in the main living areas, ceramic tile in the bathrooms and carpeting in the bedrooms, says Gulker. Ten-foot-high ceilings and numerous windows maximize the natural light.
The project secured State and Federal Historic tax credits and Brownfield Credits, totaling about 40 percent of the project costs, says Gulker.
Design architect: Hooker DeJong, Inc.
Construction manager: Gulker Group
Source: Doug Gulker, Fusion Properties and Gulker Group
Writer: Deborah Johnson Wood, Development News Editor
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