32 Market Ave SW - Suite 200
Grand Rapids, MI 49503

Demolition crew gets riverfront site ready for 5-story apartment tower

Jim Harger MLive
Published 11 / 3 / 16

GRAND RAPIDS, MI – Demolition workers demolished a 56-year-old cement block office building next to the Canal Street Park this week.

The half-acre site, purchased by Orion Real Estate Solutions for $1.3 million in 2014, will become the building site for River's Edge, a 5-story apartment building, according to Jason Wheeler, a spokesman for Orion Construction Co.

River's Edge will be a "high-end boutique" development with 32 market rate apartments with a 32-space covered parking and an on-site restaurant, according to Orion.

The property was demolished on Tuesday, Nov. 1, after Orion turned the office building over to the Grand Rapids Fire Department for training drills last week.

Orion will have the site cleared and graded within a few weeks and expects to host a ground breaking ceremony in the first week of January, according to Orion officials.

Last occupied by a law firm, the building was one of a few private non-residential properties on the west side of Monroe Avenue NW between Leonard Street and the Sixth Street Bridge.

East of Monroe Avenue, developers have converted several old furniture factories and warehouses into condominium and apartments buildings over the past 15 years.

Orion has been an active investor in the development of downtown apartments in recent years, putting the $45 million deal to build Arena Place, which was recently complete at 55 Ottawa Avenue SW.

Headed by veteran developer John Wheeler, Orion also is in the process of building Venue Towers, an 11-story development that will include 44 one-bedroom apartments, 20 two-bedroom apartments and 24 "micro-loft" apartments.