New Markets Tax Credit Coalition

Martineau Division Oaks

The purchase and rehabilitation of several parcels on Division Avenue in Grand Rapids.

Investment

  • NMTC Amount: $8,616,967
  • Total Project Cost: $11,478,767

IMPACT

  • 5 FTE jobs
  • 75 construction jobs
  • 23 Artist Live-Work Units

Investor

Project Description

The Martineau Division- Oakes project involved the purchase and rehabilitation of several parcels on Division Avenue in Grand Rapids. Prior to the project, many parcels contained empty, dilapidated, two to three story buildings, including a building that had previously housed a reptile exhibit. One parcel was a vacant lot.

MAP

Address: 104 Division Avenue South, Grand Rapids, MI 49503

Census Tract: 26081002000

PDF Profile

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