GRAND RAPIDS, MI — A state board approved a $4.75 million loan for a project that will demolish the Adobe Mexican Kitchen restaurant on Grand Rapids’ West Side and replace it with a 109‑unit apartment building.
The Michigan Strategic Fund also approved a tax-capture request from the project’s developer, Grand Rapids‑based Construction Simplified. That allows the developer to capture up to $1.8 million in future state tax revenue generated by the redevelopment at 617 W. Fulton St. to help finance construction.
The four‑story development, known as Abode West Fulton, would include a mix of studio and one‑bedroom apartments, with monthly rents ranging from about $1,142 to $1,735. The building would also feature three ground-floor commercial spaces…