GRAND RAPIDS, Mich. (WOOD) — A historic building that houses several antique shops in Grand Rapids has been listed for sale.
The Sligh Furniture Building at 226 Logan St., which houses businesses like Century Antiques and Lost & Found Treasures of Old and New, has been listed by the Jonna Group Exclusive Real Estate Collection.
Crain’s Grand Rapids Business reports the building was listed for sale as a lender tries to put the property in receivership, a request that a judge has rejected. The lender, Red Oak Income Opportunity Fund LLC, has filed a lawsuit against property owner JV SBAM SB LLC, claiming it has defaulted on its loans, Crain’s reports.
Inside WOODTV.com: Building West Michigan
“While the project has experienced delays due to macroeconomic headwinds and property specific challenges, it remains one of the most interesting downtown development sites in the city for which we continue to evaluate a best path forward,” developer John Gibbs said in a statement to Crain’s…