Developers say the market for newer apartments and condos in downtown Grand Rapids is starting to improve, based on the rising number of housing market deals. The developers say most of the interest has been in the lower end of the market for rentals and condos.
It's much welcomed news for those who have invested millions of dollars with the vision that downtown living in River City would be a big hot spot for young professionals and baby boomers.
According to excerpts from the story:
While increased interest in urban living has been a force for helping absorb units, several canceled developments and one large project that turned around after going into receivership may have, in an odd way, helped the market by taking away some uncertainty.
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