GRAND RAPIDS — Moch International plans to begin putting up two eight-story residential buildings in about three months on nearly tax-exempt property at Bond and Trowbridge NW.
Each building in the $55 million project, known as Icon on Bond, will have 118 condos and underground parking for 123 cars. The condos will range in size from 728 square feet to 1,418 square feet, and in price from $186,900 to $421,675.
Units will range from one bedroom and one bath to two bedrooms and two baths; some also will have dens. Each suite will have a balcony, a washer and dryer, and will be wired for telecommunications. All parking is on-site in the below-ground ramp and the buildings will be secured with a 24-hour key card access.
Palmetto Interiors, based in
NW. Classic Stereo & Video and Lutron are offering buyers two surround sound and lighting options.
Moch International will begin accepting $2,000 deposits on Wednesday. Condo owners will be exempt from most state and city taxes through 2010 and then make partial payments for the following three years. Summit Properties and Greenridge Realty are handling sales of the units. Chicago Title is the development’s title company.
Joseph W. Moch, who owns Moch International with his son, Joseph A. Moch, said the project is the first new downtown residential building in 15 years that isn’t going up on a commercial floor plate. He said each structure was designed from the inside out to make both more resident friendly.
“That separates us from the others. We’ve made the design the focus of the buildings,” said Joseph A. Moch.
Bloodgood, Sharp & Buster of