GRAND RAPIDS, MI – Eleven more houses across I-196 from the Medical Mile could be razed to make room for as many as 39 new residences.
Unlike two adjacent housing projects, however, the proposed Coit Square units won't be for rent.
Orion Construction and Artesian Group are teaming up to build two- and three-bedroom condominiums, with price tags from the low-$200,000s to mid-$300,000s.
"A number of folks, they don't want an apartment. They want to live in the city, but they want to own their home," said Angel Gonzalez, the Artesian founder who also has built several brownstones a couple blocks to the west in the Belknap Lookout neighborhood.
"We have been lopsided for a long time (in this neighborhood with more rental units than owner-occupied units). To be able to bring in a for-sale product, that's 39 potential new homeowners who are going to be active and want good stuff to happen in their neighborhood."
Grand Rapids Planning Commission last week recommended rezoning 1.1 acres on the east side of Coit Avenue NE, between Trowbridge and Fairbanks streets, for Coit Square. That's immediately west of Clancy Lofts, and a block north of The Gateway.
Developers would demolish 11 houses to make room for the proposed Coit Square, which would include 32 to 39 condos, townhomes and cottages with 37 parking spaces in garages along an alley east of Coit. Unit size will range from about 1,100 square-feet to 1,900 square-feet, Gonzalez said, with two-bedroom units priced in the low- to mid-$200,000s and three-bedroom units in the low- to mid-$300,000s.
Condo association dues likely will be $170 to $195 per month, he said.
The City Commission is expected to consider the rezoning April 12. Demolition could begin this summer.
The Neighbors of Belknap Lookout expressed support for the project, stating an appreciation for "the unique architecture of each building" and excitement about "the revitalization of this block."
Click here for a virtual flyover of the proposed Coit Square.