TWO WEST FULTON SECURES $29 MILLION IN FINANCING FOR MIXED-USE PROJECT
GRAND RAPIDS, MICH. — Two West Fulton LLC — which includes Chicago-based RSC & Associates, Grand Rapids-based CWD Real Estate Investment, and Grand Rapids-based Triangle Associates — has secured financing for its Gallery on Fulton project in downtown Grand Rapids. The Grand Rapids office of Fifth Third Bank, Macatawa Bank and Founders Bank funded the total commitment of $29 million for the project. The mixed-use development will include the Urban Institute for Contemporary Arts, a 3,600-square-foot retail component, 56 luxury apartments and a parking garage for more than 250 cars. The building is being designed to achieve LEED certification, and will feature “living” exterior walls of evergreen ivy, a “white” reflective roof and a roof garden gallery. In addition to exhibit space, the five-level, 37,000-square-foot arts center will house a film theater, a ceramics studio, an intimate black-box theater and an open-air terrace gallery. Completion of the project is expected in 2010.