The “gateway to the east” that lies at the southeast corner of Clyde Park Avenue and 44th Street SW is about to get a lot busier.
Grand Rapids-based real estate developer Colliers International|West Michigan recently announced it has worked out a transaction to bring three companies to the vacant site, which once housed a shopping center that included a Value City store and a now-closed bank branch.
The three companies are: a new J&H Oil Mobil Gas Station that will feature a Tim Hortons; a DP Fox Ventures retail project; and the first-ever Value Place Hotel in the Grand Rapids area.
Colliers worked with the three companies over the last year to meet all of their interests and to gain municipal approvals from the city of Wyoming.
“The sale and redevelopment of this property converted an underutilized area into a productive corner of Wyoming, leading consumers into the city and Grandville’s Rivertown Parkway. It’s a win-win for the city, developer and future users of the businesses,” said David Rapp, the Colliers associate who facilitated the deal.
Kansas-based Value Place, which already has locations in Kalamazoo and Holland, was named by Forbes last year as one of the country’s top hotel brands. The brand has been trying to find a suitable location in the Grand Rapids area for more than three years.
“Value Place has been looking in Grand Rapids for awhile,” Rapp said. “This particular site was ideal for the hotel chain because it met their site selection criteria and the city of Wyoming’s desire to establish a hotel at this location.”
Grand Rapids-based Rockford Construction already has broken ground on the new hotel, which is located at 4500 Clyde Park Ave. SW, said Tim Cochran, Wyoming city planner.
The hotel will be four stories tall and about 48,000 square feet. It will have 124 rooms. The building is valued at $4.4 million, Cochran said.
The J&H Oil Mobil and DP Fox Ventures projects have been issued site plans but not permits as yet, Cochran said. The address of the gas station will likely be 4404 Clyde Park Ave. SW; it will be about 6,782 square feet, which includes the Tim Hortons.
The DP Fox Ventures project is currently at the same address as the hotel, but Cochran thinks it might end up with a 44th Street entryway.
“I call it ‘boy toys,’” he said of the project. “It’s got all the stuff … motorcycles, ATVs, snowmobiles. The initial phase is 56,300 square feet, one story,” he said.
“We’re excited about (this one) especially. We feel that’ll be a regional draw.”
Cochran calls this corner of the city the “gateway to the east,” and said the heavily traveled area is an especially important corridor in boosting the local economy.
“We’ve got it in the neighborhood of close to 30,000 cars down that section of 44th Street per day,” he said.
“We’re just really pleased with the way it all came together. Master planning that corner, making these three suites fit together — everything working in concert.”