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Major lakeshore developments, property deals top the most-read real estate stories of 2021 – MiBiz: West Michigan Business News

West Michigan’s lakeshore is in the midst of several major redevelopment projects that include grandiose plans for lakefront reconfigurations spanning Manistee to Grand Haven.

The projects in Manistee, Muskegon and Grand Haven all rank among MiBiz’s 10 most-read real estate stories from 2021 based on web traffic. Meanwhile, a Spectrum Health deal to purchase a small craft distillery in Grand Rapids and longtime real estate advisers striking out to start their own company also attracted readers’ interest.

See below for more real estate stories from 2021, and thank you for reading.

— Andy Balaskovitz, managing editor

Spectrum Health buys Eastern Kille Distillery property for $3.75M in major return for craft spirits maker

MiBiz’s most-read real estate story of 2021 involves the $3.75 million sale this summer of Eastern Kille Distillery’s facility in Grand Rapids’ Monroe North neighborhood, where Spectrum Health has been on a land acquisition tear near its planned Center for Transformation and Innovation.

Former Colliers senior level advisers start commercial real estate brokerage firm

Early 2021 brought a significant exodus of former Colliers International senior-level advisers who went on to start their own commercial real estate brokerage firm, Advantage Commercial Real Estate Services LLC.

Developers unveil details for $250M, 30-acre Muskegon lakefront site

Luxury condos, a marina, restaurant, event space and expanded public trails are part of a $250 million vision to transform 30 acres of Muskegon waterfront property. Developer Ryan Leestma and his wife, Emily Leestma, unveiled details of their plans for the Adelaide Point project in August alongside their development team, city officials and environmental advocates. 

Grand Haven gives final approval to planned Peerless Flats development

The 133-unit Peerless Flats condominium and apartment project now under construction in Grand Haven cleared a key hurdle in early 2021 with a unanimous final site plan approval from the city’s Planning Commission.

Real estate investment firm owner forms new Grand Rapids construction company

Real estate investor Tim Engen announced in early 2021 that he formed a new company — CarbonSix Construction Inc. — that will focus on construction projects in the office, medical, industrial and retail sectors.

Grand Haven prepares for redevelopment along prime waterfront property

Amid a series of housing and mixed-use developments, Grand Haven officials have more grandiose plans in mind to reconfigure and redevelop prime waterfront properties.

Developer proposes affordable, 47-unit apartment project in Grand Rapids

New York City-based Magnus Capital Partners LLC in May proposed building 47 affordable apartments on Grand Rapids’ west side under a HŌM Flats development at 960 Bristol Ave. NW.

New bar, live music spot Turnstiles opening on GR’s west side

In-house food delivery and expanded outdoor capacity were just a few pandemic lessons that Rob Schellenberg learned as he prepared in early 2021 to open Turnstiles, a new bar with live music space on Grand Rapids’ West Side.

Putting the pieces together in Manistee

In January 2021, MiBiz Staff Writer Kate Carlson took a deep dive into the various development proposals taking shape in Manistee, a lakeshore city looking to reinvigorate empty storefronts and promote economic diversity.

Real Seafood Co. restaurant opening next year in downtown Grand Rapids

Real Seafood Co. announced plans in August to open its first West Michigan restaurant in downtown Grand Rapids. It will serve as the anchor tenant at CWD Real Estate Investment’s 111 Lyon Street development, and replaces previous plans for a Texas de Brazil at the site.



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