What the 20 East Fulton Project Will Do for Families in Grand Rapids, MI

Brookstone Capital, a Midland-based LLC, is building a new multi-use space on Fulton, right across from the Children’s Museum.   Mr. Karl Chew, president of Brookstone, is no one to scoff at around town if you are looking for a rental.Since 2006 Brookstone has built 300 rental units in Grand Rapids. This project at $37million is…

Bridging the Gap Between Buyers and Builders in Grand Rapids, MI

If you are from the U.P. you call those residents under the bridge trolls.  If you are from Grand Rapids you know we don’t have real rapids, and we aren’t really trolls.  We have lots of bridges though: 6th street bridge, Gillette Bridge, the (rainbow) Blue Bridge, Fulton Street and the old railroad bridge with Punk Island, and maybe…

The LIHTC Will Bring Balance to the Force in Real Estate for Grand Rapids, MI

In real estate there’s a tension between two categories of homes:  Market-Rate and Affordable Housing. It’s almost another way to say The-Haves and The-Have-Nots…or more accurately the Haves and the Hardly-Haves. Yoda’s job was the train the one that would save the world from a great imbalance.  The federal government here acts as Yoda, training…

Tax Credits Helping or Hurting Grand Rapids, MI, Real Estate?

Incentives Are The Lynch Pin of Capitalism. In a growing area like Grand Rapids, builders want to build because people from elsewhere want to move there – for college, for jobs, to raise their family. Also growing because people who are already living there are having children – who want to go to college, find…