CWD Real Estate Investment has announced plans to redevelop the corridor along Lyon Street between Monroe and Ottawa in the center of Downtown Grand Rapids into a vibrant retail area with storefronts and restaurants.
The 111 Lyon Retail Development involves the removal of the stone wall along Lyon Street, and replacing it with storefronts and public seating areas. The project will re-activate Vandenberg Center, bringing a modern aesthetic and new vitality to the buildings surrounding Calder Plaza, the convention center, and the hotel district while offering new retail spaces in Grand Rapids.
This is the first step in a large redevelopment plan for Vandenberg Center. Acquired by CWD Real Estate Investment in 2016, the location has remained mostly unchanged aesthetically. Between the already re-activated 250 Monroe, the work-in-progress at 200 Monroe and these retail redevelopment plans, CWD will create a more friendly and engaging environment for visitors and residents in Downtown Grand Rapids. “This has been a long time coming. Vandenberg and 5/3 Center is the middle of our City but its street level design has not stood the test of time,” says Sam Cummings, Managing Partner of CWD. “With the proximity of our best hotels and our incredible convention center it has the best location fundamentals for increased retail and restaurant density. This redesign delivers on that-- to support not just our development but to enhance the marketability of the convention center and our downtown in general. We are really excited about this one and will be sharing specific tenant announcements shortly.”
The redeveloped retail spaces are currently open for leasing. Its premier location in the heart of Downtown Grand Rapids places businesses across the street from the convention center, a variety of hotels, entertainment venues, and dining options. In addition to the retail space available, there is more than 200,000 SF of office space available at 111 Lyon and 250 Monroe for a corporate headquarters.
Construction on this project is expected to begin in the coming weeks. Click here for more available retail spaces in Grand Rapids.
CWD Real Estate Investment is a leading, local real estate investment and property management firm in Grand Rapids. Formed in 2008 by partners Sam Cummings, Scott Wierda, and Dan DeVos, CWD commits to strengthening the urban center and community of Grand Rapids by making strategic investments that provide high-quality places to work, eat, shop, live, and be entertained.