Stay updated with breaking news from Transformational Brownfield. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Grand Rapids City Commission approved a request from a private economic development group for an incentive plan for the amphitheater, a proposed downtown soccer stadium, and high-rise towers adjacent to the venues containing 735 apartments.
Once known for its luxury retail stores, Lakeside Mall has experienced an exodus of tenants and today occupancy is down to about 20%.
Council members generally voted 6-3 for the development incentives and plan, known as the $3 billion Future of Health.
Most of the incentives would go toward 662 units of new mixed-income housing to be developed by a Detroit Pistons-related corporate entity.
The anticipated 210-room hotel would be located within the new Hudson's site skyscraper on Woodward Avenue in downtown.