New Markets Tax Credit Coalition

  • Grand Rapids,
  • MI
  • (2016)

Diamond Place

District: Hillary Scholten (D-MI03)

Renovation of a bighted, contaminated former industrial site into a mixed-use, mixed-income community featuring new fresh food market and other retail ammenities.

Investment

  • NMTC Amount: $9,000,000
  • Total Project Cost: $19,416,174

IMPACT

  • 116 FTE jobs
  • 343 construction jobs

CDEs

,

Investor

Project Description

Finance renovation of bighted, contaminated former industrial site into a mixed-use, mixed-income community featuring new fresh food market and other retail ammenities.

External Profile
External Profile 2

MAP

Address: 1003 Michigan Street Northeast, Grand Rapids, MI 49503

Census Tract: 26081002200

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