Construction on the first new building at Grand Rapids’ $147 million Factory Yards development will begin in the second quarter of 2026, marking a key milestone for the sprawling Roosevelt Park project that has faced financing delays.
Factory Yards at and around 655 Godfrey Ave. SW is mainly an adaptive reuse project to repurpose what was once a World War II-era parachute factory. Site plans call for turning 15.5 acres of former industrial property into 467 apartment units, 31,000 square feet of ground-floor commercial space, a 22,000-square-foot food hall and 30,000-square-feet of commercial offices.
The project also calls for nearly 30,000 square feet of fitness and recreational facilities, along with 50,000 square feet of self-storage and a half-acre courtyard with 825 parking spaces…