A condominium project on the city’s West Side is nearing completion.
Seventh Street Lofts, at 600 7th St. NW, will open unit 208 to the public on Friday as apart of the Spring Parade of Homes by the Home Builders Association of Greater Grand Rapids.
The Business Journal originally reported Orion Real Estate Solutions, part of Grand Rapids-based Orion Construction, in a partnership with other developers, originally bought the building in 2013 with plans to convert it into a mixed-use development with 32 apartments and a 5,000-square-foot restaurant and pub on the ground floor.
Rockford Development, part of Grand Rapids-based Rockford Construction, acquired the finished property in April 2017 and spent $2.7 million renovating the apartments into condos the following November. The firm plans to finish construction later this summer.
The development will feature 24 units, ranging from 800 to 2,300 square feet and from the low $200,000s to mid $400,000s.
“We are excited to bring additional residential and office options to the West Side, including home ownership opportunities,” said Mike Mraz, managing partner of real estate development, Rockford Construction. “Demand has already exceeded our expectations, and we are thrilled to help bring quality jobs to the neighborhood.”
Other changes include an updated and expanded fitness center, renovated common area on the second floor, parking spaces for each unit in a private lot behind the building, available indoor parking, coffee shop on the ground level and an interior truck dock for moving in and out.
The building will also welcome two new tenants: Chervon, a global maker power tools and outdoor power equipment; and Full Circle, a marketing, design and interactive agency.
“We have acquired great talent from the Grand Rapids area,” said Bill Boltz, CEO, Chevron.
Steve Harvey, principal at Full Circle, she he "couldn’t be more thrilled to be part of the West Side in this unique development."
The project is being financed by Grand Rapids-based Mercantile Bank of Michigan.
In time, the structure became more well known as the Aslan Building and served as a clearance furniture center, before Orion Construction converted it into apartments.