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Holland Home is a Grand Rapids-based company that provides an array of housing and services to senior citizens. The property was purchased from Great Lakes Development Group, which in announced plans for the Foundry Square development at the site.
Holland Home has no immediate plans for the property, said David Tiesenga, chief strategy officer for Holland Home. They provide a range of housing options for seniors, including townhomes, apartments, assisted living and nursing care.
It has several other undeveloped properties throughout West Michigan, Tiesenga said. If anything, the property is a good investment, he added. The company had been in talks to buy a portion of the Morris Avenue property when Great Lakes Development Group proposed it buy the entire parcel, he said. It is the largest remaining vacant lot left from the demolition of the Muskegon Mall nearly 20 years ago. Other recent senior housing projects downtown include the Berkshire Muskegon that opened in and the recently completed Samaritas both of which offer affordable, income-adjusted apartments.
In addition, Trilogy Health Services is constructing a unit senior living facility at the new Harbor 31 development on Muskegon Lake adjacent to downtown. There also are Nelson Place and Renaissance Place senior apartments on the edge of downtown. Development of downtown retail options is dependent on getting more people to live downtown, he said. Great Lakes Development has struggled to line up financing for the second phase of Lake View Lofts, which is planned for the corner of Western and Second Street.
The first phase, which includes office and retail space and 20 apartments, opened in The sale of the Morris Avenue property could help with second-phase financing, Eckholm said. The property, listed at 7. A message seeking comment that was left for Josh Canale, managing member of Great Lakes Development Group, was not immediately returned. A preliminary rendering of Foundry Square showed a parking garage, grocery store, hotel, pocket park, mixed-use buildings and several new streets and alleys.