GRAND RAPIDS, MI - Overlooking 20 Monroe Live and across the street from the Van Andel Arena, the sleek, urban apartments in Venue Tower are tailored to hipsters who want to enjoy downtown's nightlife and entertainment scene.
The $20 million apartment tower celebrated its grand opening on Friday, Sept. 8 with more than 70 percent of its 94 apartments leased, according to Sarah Waller, marketing sales manager for DTN Management.
All but one of the 22 tiny studio apartments in the 11-story tower have been occupied, said Waller. Still available are single-bedroom units with rents starting at $1,475 a month and two-bedroom penthouse units renting for $1,975 a month.
The 357-square-foot studio apartments, which start at $975 per month, feature a compact layout that includes a Murphy bed and galley kitchen with a two-burner stovetop, a compact dish washer and combination washer and dryer tucked beneath the quartz countertop.
A 681-square-foot, single-bedroom apartment features a compact bedroom, a walkout balcony, a stacked washer and dryer and a walk-in closet.
The two-bedroom units feature a large quartz-topped kitchen peninsula, two full bathrooms and a balcony.
All of the units feature panoramic floor-to-ceiling windows that include blackout shades and awning-style windows to let in fresh air.
"We spent an incredible amount of time and energy scrubbing the plans for both the interior and exterior of The Venue Tower," said DTN Managements Colin Cronin. "We created unique floor plans that maximize space and enhance the views of the city with floor to ceiling glass windows."
Venue Tower also includes a third-floor lounge and open-air terrace with a fireplace and bar from which residents can entertain guests and watch the crowds that assemble across the street from the arena or below them at 20 Monroe Live.
Other amenities include ramp parking across the street, 24-hour fitness studio, fiber internet service and VIP ticket perks for shows at 20 Monroe Live.
Although Venue Tower is aimed at young professionals, Waller said they also are getting interest from empty nesters who want to experience downtown life.
"There are a few factors that distinguish one housing opportunity from another and when someone makes a decision on where they want to live they are making a decision on how they want to live," said John Wheeler, president of Orion Real Estate Solutions.
"By living at Venue Tower, residents are making a statement about what they enjoy and how they want to experience it. We are honored to be part of creating this level of excitement in our great city.
"Venue Tower is a testament to the strategy we've put forth and the direction we've focused in the Arena District," Wheeler said. "It represents our continued commitment to the city's vision of the area and it demonstrates a lifestyle that many of our young professionals desire in Grand Rapids."