Stockbridge development waits for church’s decision

Developers Larry Zeiser and Zack Zalar want to build a $10 million condominium project on the city’s West Side. But their property acquisition plans are on hold, waiting for the Grand Rapids Catholic Diocese’s decision to sell a small church in the middle of the planned development.

According to excerpts from the story:

A pair of young real estate developers say they are close to buying up an entire block on the city’s near West Side for a $10 million condominium project — missing only two parcels owned by a church.

Larry Zeiser and Zack Zalar say they have options to purchase all but two properties on the block bounded by First and Second streets and Broadway and Alabama avenues. The block is directly south of Int. 196.

Their plan is to raze the structures on the block and replace them with 52 town house condominiums that will sell for $219,000 and up.

Read the complete story here.

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