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May 04, 2023Developers had considered building a 10-story apartment building with 432 market rate apartments and other amenities at 13 McConnell St. SW (pictured) in downtown Grand Rapids. (Brian McVicar | MLive.com)
GRAND RAPIDS, MI — A developer has pulled the plug on a proposal to build a 10-story apartment building with 432 market-rate units and other amenities at a site that's currently occupied by an industrial building at 13 McConnell St. SW near the Downtown Market.
Kevin Bassett, the building's owner and CEO of Spectrum Industries, said the developer who proposed the project, Jon Morgan, the co-founder and managing principal of Chicago-based Interra Realty, backed out of a purchase agreement in late January for the four-story building.
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