$35 Million Student Housing Complex Ready to Break Ground in Grand Rapids
- Apr 23, 2015
A new housing complex designed for college students will soon break ground in Grand Rapids.
MLive.com reported that local developer Rockford Construction is ready so start construction on a 112-unit student housing project in Grand Rapids’ West Side neighborhood, within walking distance from Grand Valley State University’s (GVSU) Robert Pew campus.
The complex is called Fulton Place and will be located at 616 Fulton W. between Lexington Ave. and Seward St., replacing an auto repair shop that sits on a parcel recently acquired by the developer. This in an emerging area that lacks quality housing options—especially with the expanding GVSU, whose downtown campus can only accommodate around 370 residential students. The official ground breaking ceremony for Fulton Place will take place on May 5, and Rockford Construction is set to complete the project before the 2016-2017 academic year starts.
Designed as a three-building development, Fulton Place will offer 232 market-rate bedrooms that are expected to meet the demand for student housing inventory in Grand Rapids’ downtown area. As detailed by MLive.com, the complex will include a three-story, 13,000-square-foot building with seven, three-story townhomes, each of them offering four bedroom. The second building will be similar in height but smaller in size, with only 5,000 square feet that will include three apartments, each with two bedrooms. Standing two stories taller, the third building will be the largest one at Fulton Place. It will encompass 125,000 square feet of mixed-use space, offering 102 housing units in a combination on 14 one-bedroom units, 84 two-bedrooms and four four-bedroom units.
Fulton Place will also include 10,000 square feet of ground-level retail space, as well as a two-story garage and street-level parking space.
According to the Grand Rapids Business Journal, Rockford Construction will invest $35 million towards the development of Fulton Place.
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Rendering courtesy of Rockford Construction