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Lakewood to Commence Construction on New Retail Project
Mr. David Dirkese of Capital Management is pleased to have released Lakewood Inc. to commence constrution of a retail project on Holland's growing north side. The new development consists of two buildings totaling 48,000 square feet and one out lot for a 5,000 square foot free standing building on approximately 8 acres at the northwest corner of Riley Street and US-31.
Phase I will commence construction in April 2002 and will be complete and ready for tenants in mid-July. The first building will be a conventionally constructed 12,000 square foot building with spaces ranging from 1,500 to 4,000 square feet. The building will feature a standing seam mansard roof providing a covered walkway between storefronts, with a combination split face block and brick veneer exterior.
Phase II will be the construction of a 36,000 square foot retail building that will begin construction in mid-May. This facility will match the first building architecturally and will also contain lease spaces of 1,500 – 4,000 square feet. The second phase will be ready for occupancy in September of 2002.
The final phase of the project will be complete when an outlot suitable for a 5,000 square foot building is developed. This lot will be a prime location for a bank branch, restaurant or other free standing retail enterprise desiring to be located in Riley Plaza.
Financing for the project has been arranged through Huntington National Bank, while Grubb Ellis / Focus Properties will be responsible for marketing the project.
Lakewood Inc. is a professional construction service firm providing Design / Build, Construction Management and General Contracting services in West Michigan for more than 30 years.
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