The first details of a $63.5-million downtown development that would feature two towers, retail, apartments and office space have been made public.
The 14-story 150 Ottawa project in Grand Rapids, at 150 Ottawa Ave. NW, by Orion Real Estate Solutions, a division of Grand Rapids-based Orion Construction, was approved for $3.7 million in development support this morning at the Downtown Development Authority meeting. The support would be reimbursements over 15 years.
Construction is expected to start next spring and take 24 months, according to DDA documents. The site is currently an Ellis Parking surface lot with 120 spaces.
The development was announced in November 2015 and includes the law firm Warner Norcross & Judd as an anchor tenant. Midtown Properties, Lansing-based DTN Management and Concept Designs were announced as partners as well.
Warner Norcross’ lease at the Fifth Third Center downtown, at 111 Lyon St. NW, expires in 2019.
You can read the entire story on the website of our partner, the Grand Rapids Business Journal, or pick up this week's edition of the Business Journal on your newsstand.