GRAND RAPIDS—The Bank of Holland will be moving its Grand Rapids office into a new two-story building that will be going up on the northwest corner of Ionia Avenue and Oakes Street SW, just east of the Van Andel Arena.
The property on whicht the building will be erected is the Area 3 parking lot and the bank will occupy the southern portion of that site.
CSL West Associates, a partnership between Rockford Development and the DeVos family, recently bought the southern portion of the parking lot from the Downtown Development Authority.
CSL West plans to sell the site to the bank.
“We’re really excited in welcoming the bank to the neighborhood,” said Mike Mraz, development coordinator for Rockford Development, to DDA members this morning.
CSL West also has an option to buy the remainder of the parking lot from the DDA and is also building a new, four-story structure across Ionia Avenue from the bank’s site. These developments are part of the $50 million Cherry Street Landing project, which involves renovating or constructing roughly a dozen buildings in a four-block area south of Fulton Street.
Construction on the bank building is likely to take from four to six months. Bank officials are expected to make an announcement on their new location soon.
The Bank of Holland is an independent, full-service institution that was started in 1998. The bank is headquartered at 150 Central Avenue in Holland and has a Grand Rapids office at 55 Campau Square.