Diamond Place

New Markets Tax Credit Coalition

Grand Rapids,
MI
(2016)

Diamond Place

Affordable Housing, Community, Housing, Mixed-use, Retail

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

Chase, Cinnaire New Markets

Investor

Chase

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.

MAP

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

Census Tract: 26081002200

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