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Massive Riverfront Project

GRDadof3

By GRDadof3
in Grand Rapids

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albertaresident Unincorporated Area

albertaresident

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What size is the floor plan and what else besides office use is going on in the project? In a large company HQ it's probably safe to assume a that there will be quite a few people with offices larger than 250 sf and HQ's sometimes have a good bit of common space. My estimate may be on the low side, but what you've posted doesn't sound right at all unless it's a skinny building.

I'm not a hundred precent sure what else is going in this building. It's only been announced so far, but no renderings or designs have been made public yet. But, having been in Calgary many times, most of their downtown buildings have some sort of ground floor retail space. I'm sure there has to be more than only office space available in this building. Besides it would be very easy for them to locate additional tenants, as Calgary currently has a 1.9% office vacancy rate - second lowest in the world behind Tokyo.

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Time Whistle-Stop

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From WOOD Radio:

The big development project just south the downtown, along the river, that you first heard about here on NewsRadio WOOD-1300 finds one city Commissioner yelping that all this secrecy does not serve the public interest, especially when almost 2/3 of the land involved in the deal belong to the city government itself. Commissioner Rick Tormala wants to know what we'll do with our Public Works garages.

Meanwhile, even though it would seem there already is a plan with a developer in the works, City Hall publishes a request for interested developers to deal with that 30-acres of land along the river between the Amtrak station and the US-131 freeway. At some undetermined time, the Mayor says Grand Rapids government will choose one developer for this land which could be used for entertainment projects, stores, homes or office space. Gee, says the Mayor, even a casino might fit in there he would not like that.

I think this is officially the talk of the town.

Tormala has always been an antagonist, i used to lived in his district up until about one year ago.

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GaryP Burg

GaryP

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I'm not a hundred precent sure what else is going in this building. It's only been announced so far, but no renderings or designs have been made public yet. But, having been in Calgary many times, most of their downtown buildings have some sort of ground floor retail space. I'm sure there has to be more than only office space available in this building. Besides it would be very easy for them to locate additional tenants, as Calgary currently has a 1.9% office vacancy rate - second lowest in the world behind Tokyo.

Wow, I can see a 1.9% office vacancy rate leading to 60+ story towers! Oh, you dont find too many buildings the are 350' square. The trends these days has been to large footprint office towers, but usually you dont find as much space as we have to work with here. If you have halve that size square, your height would need to increase by four (to keep the same square footage), which puts you at an 80 story tower. Maybe we aren't as far apart from each other as we first thought. :thumbsup:

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Rizzo City

Rizzo

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Dad, true, but when someone walks in front of me and is followed by "billions" the last thing I'm thinking about is Democracy. Actually I bet most Grand Rapidians will be saying screw Tormala lets see what is in store... If thats the case thats democratic.

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Rizzo City

Rizzo

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If someone else posted this, sorry.. 3,000 is the workforce if any would like to know..

"Google can afford a lot of things these days. And so can its employees, many of whom had stock options. About 1,000 of them became millionaires when the stock went public, and Brin and Page, who are 31 and 32 years old respectively, are worth about $6 billion each."

--http://www.cbsnews.com/stories/2004/12/30/60minutes/main664063.shtml

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torgo Town

torgo

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Dad, true, but when someone walks in front of me and is followed by "billions" the last thing I'm thinking about is Democracy. Actually I bet most Grand Rapidians will be saying screw Tormala lets see what is in store... If thats the case thats democratic.

Well I kinda agree with him in that maybe the Commissioners should know what's going on. After all, they are the ones who enact laws for the City. Why not inform them and make them sign the confidentiality agreement too? But public? I just don't think it would be a good idea if every major project was 100% public all of the time....

Does anyone know if Google is working on anything medically related? Bioinformatics or anything? I don't know personally, I'm just testing the intellectual pool here. We'll crack this yet.

Well, that one article did mention google looking to digitize U-M's entire library...and GVSU has a pretty impressive library. I think its a stretch though....

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GaryP Burg

GaryP

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The new GMP lab at GVSU's Cook-Devos Center is $4.5 million for 5000 sf. That's $1000/sf (just doing the math for you).

With the WoodTV billions of dollars quote, I have to think something with a cost similar to this has to be included in the project. Otherwise I just don't think the numbers add up. How about Johnson and Johnson? With Boston Scientific over extended after they overpaid for Guidient, maybe J&J thinks now is the time for major expansion?

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