A Grand Rapids board has approved tax incentives for three commercial property conversions where a portion of the total 248 new housing units would be reserved for low- and middle-income residents.
The Grand Rapids Brownfield Redevelopment Authority on Wednesday morning approved the housing tax increment financing plans for the three projects that total $59.5 million in investments.
The projects include the partial conversion of the Ledyard Building at 125 Ottawa Ave. NW downtown into 36 apartments, as well as the partial demolition of a shuttered Family Fare store at 4325 Breton Ave. SE to construct 168 apartment units. The third project calls for the construction of a new four-story mixed-use building with 44 apartments at 280 Anne St. NW, which would be an addition to an existing office building along the Grand River…