Project Name: Bicycle Factory

514 Butterworth Street
Grand Rapids, Michigan 49504

Project Details

New Markets Tax Credits


Affordable Units: 6

Commercial Spaces: 12,000

39,000 Total Sq.Ft.

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    This was the historic rehabilitation and transformation of a former factory into a mixed use facility in an area with a 16% poverty rate and unemployment over 10%. However, within one week of the closing the building was completely destroyed by the largest fire ever seen in the City and lost all historic tax credits. It was restructured from a historic rehabilitation into a larger new construction. The project will create 35 temporary construction jobs and 35 permanent jobs.