Development Financing for Main Street Lofts

United States

Deal value: $56,000,000

Financing for construction of a mixed-use project with 18,000 SF retail and 95 residential units in downtown Grand Rapids, MI.

The core investment motivation is to capitalize on the growing demand for urban mixed-use developments in downtown Grand Rapids, MI, driven by housing shortages, urban revitalization initiatives, and the opportunity to create vibrant, walkable communities. The strategic purpose is to deliver new residential units and retail space in a central location, leveraging public and private support for placemaking and economic development. This investment is timely due to policy momentum around affordable housing and urban density, as well as the city's broader redevelopment efforts.