Partners to break ground on $16M housing development

Partners to break ground on $16M housing development
Victory on Leonard is a four-story, mixed-use residential development coming to 900 Leonard St. NW in Grand Rapids. <strong>Rendering courtesy Honor Construction</strong>

More housing opportunities are in store for Grand Rapids with the construction of a new four-story, mixed-use residential development kicking off this week.

Honor Construction and Victory Development Group will hold a groundbreaking ceremony for Victory on Leonard, a $16 million mixed-use residential development, at 1 p.m. Friday, Nov. 12, at the site, at 900 Leonard St. NW in Grand Rapids.

Demolition began Nov. 1. Tenants are expected to take occupancy in spring 2023.

All strategic partners on the project will be in attendance at the groundbreaking, as well as Mayor Rosalynn Bliss and members of the Grand Rapids Chamber of Commerce and the Hispanic Chamber of Commerce.

Grand Rapids-based Lott3Metz is providing architectural services, Honor Construction in Grand Rapids is the construction management company, and Grand Rapids-based Victory Development Group is the developer, in partnership with East Grand Rapids-based 1025 Ventures. Holland-based Macatawa Bank provided financing.

Victory on Leonard, a four-story, stick-built, market-rate building, will feature retail stores on the first floor and 120 apartments above, including studios and one- and two-bedroom units.

The property also will feature balconies, en-suite laundry, bike and dog washing stations, storage spaces, electric vehicle charging stations, and covered and off-street parking.

While there are no retail tenants selected yet, a neighborhood coffee shop is at the top of the list.

“After 12 years of Honor Construction, I am so proud of my team in our next step into this vertical market,” says Brad Laackman, CEO, Honor Construction. “With Lott3Metz and 1025 Ventures, we couldn’t have asked for more collaborative partners. Victory Development Group has built a formidable team to execute their vision.”

Jack Hoedeman, co-developer for Victory Development Group, said he is “honored” to be developing a project in the neighborhood where his family grew up and is naming the space after the victory gardens his grandparents grew during World War II.

“It’s just a great way to connect the building with the history of the community,” he said.

Jeff Royce, principal for 1025 Ventures, said he is excited about the project.

“This neighborhood has a very rich history and provides a unique balance of timeless and new developments,” Royce said. “Victory on Leonard will replace an obsolete and abandoned building and bring a vibrancy to this corner that builds off of what has made the Leonard neighborhood so special.”

No posts to display