Momentum continues for apartment development across Grand Rapids
Developers of apartments in Grand Rapids are still seeing high demand for market-rate units.
This trend has been a common theme for the last several years, as well-appointed projects have filled up quickly across the city. Since many units came online at the end of last year and into 2019, there was a small slowdown in the market for apartments, but multiple developers told MiBiz that demand is once again outpacing supply.
Meanwhile, Wolverine Building Group Inc. is working on two affordable housing projects with Grand Rapids-based nonprofit Dwelling Place, and recently finished work on multiple market-rate developments.
For Aaron Jonker, president and co-owner of Wolverine Building Group, finding solutions to affordable housing issues remains a priority and should be a focus for others in the private sector.
“We know that, as a business, we need our community to be healthy. If our community is healthy, the business will be healthy,” Jonker said. “(Affordable housing) is a problem in our community that affects all of us. And as a member of our community, we feel like it’s our job to help where we can.”