New Markets Tax Credit Coalition

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Grand Rapids Cycle Company Factory Rehab

Five-story building rises from ashes of former Grand Rapids bicycle factory.

Investment

  • NMTC Amount: $4,040,000
  • Total Project Cost: $8,139,190

IMPACT

  • 35 FTE jobs
  • 35 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

Five-story building rises from ashes of former Grand Rapids bicycle factory: The building includes a few tributes to the old building, a vacant former bicycle factory which burned to the ground in 2007. The development represents the beginning of further investments along Front Avenue that creates a highly walkable urban area along the western bank of the Grand River. To that end, the project included extensive landscaping and other streetscape features that serves as a model for future developments.

MAP

Address: 514 Butterworth Street Southwest, Grand Rapids, MI 49504

Census Tract: 26081002700

Other Michigan Projects

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This project was for a real estate loan for the grocery store.
Five-story building rises from ashes of former Grand Rapids bicycle factory.
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