820 Monroe Avenue Joins 616 Lofts’ Wave of Adaptive Reuse Projects in Grand Rapids
- Dec 08, 2014
The plan to reconvert the former industrial site located at 820 Monroe Avenue in Grand Rapids into apartments and commercial space is just months away from becoming reality.
First mentioned here January 2014, the adaptive reuse project tackles the Sackner Products factory—a four-story brick industrial structure that was originally built in the 1920s to serve as a manufacturing plant, with further additions completed in the 1950s. Sackner left the property during the 1980s and the building has been leased to art galleries and small businesses since then. In October 2013 the 156,600-square-foot building was purchased by 616 Lofts, a real estate development company that transforms underutilized spaces in and around Grand Rapids into live/work/play communities.
Called Lofts on Monroe, the nearly $22 million adaptive reuse project was designed by Integrated Architecture, with Grand Rapids-based A.J. Veneklassen Inc. serving as general contractor. When fully completed in early 2016, the Lofts on Monroe will feature 85 market-rate apartments—51 one-bedroom units, 28 two-bedrooms and six studio units—as well as 40,000 square feet of ground floor office, retail and restaurant space.
According to the Grand Rapids Business Journal, Phase I of the project is already under way with the construction of the street-level commercial spaces and the fourth floor housing units, which are scheduled to be delivered in November 2015. Work on the rest of the units will continue during Phase II and will wrap up in early 2016.
616 Lofts’ adaptive reuse project at 820 Monroe Avenue is financed by a $1.3 million loan approved by the Michigan Economic Development Corporation through the Michigan Community Revitalization Program, MLive reported in September.
The Sackner Products factory reconversion is part of 616 Lofts’ plan to preserve and enhance some of Grand Rapids’ historic but forgotten buildings and create new economic opportunities in the area. Lofts on Monroe is the company’s largest redevelopment project to date and will be followed by a $6 million mixed-use development in the central section of the Creston neighborhood. Another $15 million project is under way at the intersection of Eastern Avenue and Michigan Street and will include more than 50 apartment units and 11,500 square feet of ground floor retail space. Additionally, 616 Lofts has already completed the reconversion of the 80-year-old Bethlehem Lutheran Church in Heritage Hill into a $3 million apartment building, while the former Kendall Building in Grand Rapids was transformed from offices into apartments, according to MLive.
Rendering courtesy of 616 Lofts