2 West Fulton financing backs development on prime Grand Rapids corner
It’s perhaps Grand Rapids’ most prime piece of undeveloped property, the very visible gateway to the downtown core, and after sitting vacant for three years while developers struggled to secure millions in financing and finalize the vision for the parcel, the development of 2 West Fulton is finally underway.
It’s perhaps Grand Rapids’ most prime piece of undeveloped property, the very visible gateway to the downtown core, and after sitting vacant for three years while developers struggled to secure millions in financing and finalize the vision for the parcel, the development of 2 West Fulton is finally underway.
According to excerpts from the story:
GRAND RAPIDS — It was the most difficult financing deal that real estate developer Sam Cummings has ever put together, coming on the heels of the dozens of projects he has done locally since his first one in 1990 when he bought a single-story building at 517 Ottawa Ave. NW.
But after nearly three years of looking for the right project that would provide a return and would impress commercial lenders, the preliminary site work for the new Gallery on Fulton has started on the southwest corner of Fulton Street and Division Avenue.
Read the complete story here.
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