Urban Grand Rapids

Time to check the data again.

ZORI (Observed Rents)

A 12 month increase of $157/mo (+9.2%).

The update of the Housing NEXT needs assessment has been released.

Document @ Housing Needs Assessment | Grand Rapids/Kent County, MI 2022 [PDF, 172 pages]

Can we declare ridership on the Amtrak 370/371 corridor - the Pere Marquette - to be recovered? 2022 ridership (89,539) exceeded that of 2017 (87,276).

The all time highest ridership year is 2018 with 96,643 riders, followed by 2019 with only a few hundred less.

Now we are back to ridership growth on the Pere Marquette being limited by capacity and frequency.

UPDATE 2024-03-21: The project to construct a food truck court and bar at 648 Bridge NW / 345 Lexington NW has been abandoned. The new project for the site, still in the design phase, is a five story 150 unit apartment block by the same developer as The Current under construction in Creston (220 Quimby St. NE).

The documents from the The Airport Access Study Technical Advisory Committee (TAC) have been released.

There are three items on the upcoming meeting of the Grand Rapids Planning Commission.

644 Chestnut St SW

Rezoning of an abandoned railroad right of way from SD-IT (Industrial) to TN-TCC. The property is currently owned by 655 Godfrey Land LLC. The adjacent warehouse, the east of the old railroad, was rezoned from SD-IT to TN-TCC in 2018. The expectation is the property will be incorporated into the redevelopment of the warehouse.

The parcel is immediately to the west of the Oxford Trail bike path.

Starting to see a few headlines like "Rents Slide by Largest Amount in at Least 7 Years"! So is it here? Despite all other indicators - low vacancy, high employment, etc... - is the zenith of rents behind us? Let's check the data.