Despite supply chain snags, inflation, labor shortages and rising construction costs, Grand Rapids is eyeing a record number of new developments in the works — including a few big projects expected to come online in 2023.
“When we ended ’21, we were wondering how the economic conditions would impact the deal flow, and what we’re seeing right now, the real numbers are showing we actually had a larger number of projects and total investment (in 2022). So, we’re really focused on seeing that happen again in 2023,” Gracia said.
Grand Rapids Business Journal has been West Michigan's primary and most trusted source of local business news since 1983. The biweekly print edition of GRBJ, a must-read for the area's top decision-makers, is known as the business newspaper of metro Grand Rapids, Holland, Muskegon and all of West Michigan.