The Venue Tower
Real Estate Development
Area of Law:
Economic Incentives and Real Estate
$32.7 Million Entertainment and Apartment/Condominium Project
A joint venture among The Gilmore Collection, developer John Wheeler and others are bringing a multipurpose entertainment venue called The Venue plus 44 one bedroom apartment units, 20 two bedroom apartment units and 24 micro-loft condominiums to downtown Grand Rapids. The entertainment venue will hold up to 2,400 seats and host up to 120 shows a year. The project is slated to open in 2017.
How We Helped
Economic Incentives: $6.9 Million in Local, State and Federal Incentives
Warner Norcross helped secure a Brownfield Michigan Business Tax Credit totaling $4.52 million and tax increment financing through the City of Grand Rapids Downtown Development Authority Development Support Program totaling approximately $1.75 million for the project.
Warner Norcross established the joint venture among and helped the joint venture in the land acquisition and drafting and negotiation of myriad agreements, including development agreements, condominium documents, and agreements with neighbors and the City of Grand Rapids.