What is the cost of the Grand Rapids riverfront development project?

The Grand Rapids riverfront development project has an estimated cost of $800 million.

What will be included in the Grand Rapids riverfront development?

The development will feature apartments, shops, restaurants, a boutique hotel, three mixed-use towers, and extensive public spaces including a riverwalk.

When was Grand Rapids recognized as a 'dying city' and what is being done now?

Grand Rapids was recognized as a 'dying city' in 2011, and is now undergoing an $800 million riverfront development to revitalize it.

Home / Business and Economy / Grand Rapids' $800M Riverfront Revival

Grand Rapids' $800M Riverfront Revival

8 Feb

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Summary

An $800 million development aims to revitalize Grand Rapids.
The project includes apartments, shops, restaurants, and a hotel.
It features three mixed-use towers and extensive public spaces.

Grand Rapids, Michigan, once recognized as one of the nation's 'dying cities' in 2011, is now poised for a significant revival through an $800 million development project focused on its riverfront. This ambitious initiative, spanning seven acres, is designed to revitalize the urban landscape and attract new residents and businesses.

The Grand Riverfront development will feature a blend of residential, commercial, and hospitality spaces. It includes three mixed-use towers comprising offices, a hotel, and a residential skyscraper offering nearly 700 rental units. Additionally, the project will incorporate extensive public areas, including a riverwalk and scenic viewpoints, enhancing the city's appeal.

Approved in December by the Michigan Strategic Fund with a $560 million transformational brownfield plan, the development aims to create over 2,500 parking spaces. Local real estate experts believe this project will redefine the area, drawing outside investment and making Grand Rapids a more attractive urban destination with a lower cost of living compared to larger cities.