I have heard that the Medical Towers Phase I is a go, because it is not owned by Spectrum. It is actually RDV and Christman, and will not affect any part of the hospital logistics. But, my info could be wrong, if they have changed things in the last week or so.
Here is what the GRBJ said Monday:
...Construction should begin this fall on a 700,000-square-foot, five-acre medical complex that stretches from North Division Avenue to Coit Avenue on the north side of Michigan Street Hill.
Expected to cost more than $120 million, the Michigan Street Development project will consist of three office towers, a 2,300-square-foot parking ramp and, as part of a separate development, the cancer center.
The towers are designed to house medical offices, a food court and minor retail operations. With 100,000 square feet of lab space, it is the region's first private development aimed toward research-based tenants.
"Unlike other development projects, we're not just geared toward the physician office practices," said Joe Hooker, development services manager for Christman Co.
"We're taking extreme measures in the design process to make sure that we're able to recruit, attract and have facilities for high tech businesses as related to the SmartZone and Life Sciences Corridor."
A year ago, Christman entered into an agreement to redevelop the Towers Medical Building at 21 Michigan St. NE for East Lansing insurance company American Physicians Capital Inc.
With its premium position on the hill and within Grand Rapids' SmartZone, Hooker felt the seven-story medical office building was being underutilized. Its major tenant is Spectrum Health