Grand plans submitted for GR riverfront land

Three developers expressed interest in purchasing 16 acres of city owned land between Market Avenue and the Grand River. Each plan includes some variation of a major investment in new housing, retail, and entertainment space.

Three developers expressed interest in purchasing 16 acres of city owned land between Market Avenue and the Grand River. Each plan includes some variation of a major investment in new housing, retail, and entertainment space.

 

According to excerpts from the story:

 

Downtown docks for boaters, a giant performing arts center, hotels and restaurants, a six- to eight-story glass atrium in the middle of an Italian-style piazza. Those are the dreams being cast for 16 acres of riverfront property used now to park city snowplows and garbage trucks.

 

Yet, for all the dreaming, there still is plenty of mystery left in the three “letters of interest” submitted to city officials Friday. The letters were made public this morning.

 

The city has put a $35 million price tag on the land. (Deputy City Manager) DeLong said all three proposals will be reviewed Thursday by a group that includes city officials, local architects, planners and area property owners. City officials then will decide if any of the developers will be invited to make formal proposals.

 

Read the complete story here.

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