Olds Manor Finally to be Developed
And then there was one.
The last big vacant building in downtown Grand Rapids, Olds Manor, is going to get a $22 million upgrade, with even more apartment and retail space.
The building, at the corner of Monroe and Bridge/Michigan, has had other uses and plans over the years. Now, it has something in concrete.
"CWD Real Estate plans to restore the structure at the corner of Michigan and Monroe into a mixed-use building. It will include 9,500 square feet of retail and restaurant space on the ground floor, 77 market-rate one- and two-bedroom apartments on floors three through nine, and a limited number of for sale condominiums on the 10th and newly created 11th floor.
The building was formerly the Rowe Hotel and will be called The Rowe.
With an estimated cost $22 to 26 million, the project includes the complete restoration of the building's two historic façades and creation of an underground parking facility. Rooftop amenities including an outdoor terrace, indoor community room and fitness facilities are also planned for building residents."
The building is supposed to be completed by late 2016. It will be right across the street from the new "Grand Rapids Biomedical Research Center, as part of the MSU School of Human Medicine. The center, located just across Monroe Avenue from The Rowe, is expected to open in 2017." I theory, people working there could walk right across Monroe to work everyday.
Just more good things about downtown GR!