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55 Ottawa Ave SW

Grand Rapids, MI
Zoning
COMMERCIAL
Year Constructed
0
Year Renovated
0
Building Class

About 55 Ottawa Ave SW

Be one of the first retail tenants in this unprecedented mixed-use development near the Van Andel Arena. Located at the corner of Ottawa and Weston, Arena Place will be a 14 story mixed use building that will be home to 100 market rate apartments, office suites, first floor retail and above ground and surface parking.

Anticipated occupancy is December 2015. Ground-level retail suites from 1,600 SF up to 7,900 SF are currently available. Amenities include direct frontage on Ottawa Avenue, on-site parking and store front signage. Situated in the heart of the entertainment district and adjacent to Van Vandel Arena, this site will surely pre lease prior to opening. Current office tenants include: Miller Johnson, Meritage Hospitality Group and Mindscape at Hannon McKendry/Do More Good. Meritage will also be opening a 6000SF restaurant in the theme of their successful Twisted Rooster concept. - Building condition: Excellent - Tenancy: Multiple Tenants

Internet Providers for 55 Ottawa Ave SW

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
JAS Networks DSL
25 Mb/s
6 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
ACD.net DSL
25 Mb/s
3 Mb/s
Cavalier Telephone DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Heartside-Downtown Grand Rapids

Most listings are in the $20's per square foot per year. The Heartside-Downtown Grand Rapids submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.

Compared to the rest of the Grand Rapids market, the Heartside-Downtown Grand Rapids submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Heartside-Downtown Grand Rapids $26
/sqft/yr
2,310
sqft
Median Rate Median Size
Grand Rapids $25
/sqft/yr
1,860
sqft

Median Rate over Time in Heartside-Downtown Grand Rapids