|100 Apartments Planned for Morton House Renovation|
by GRNow.com staff
New details have been released about the future plans for Morton House. Rockford Construction is proposing to convert the empty 13-story building on the corner of Monroe Center and Ionia into 100+ market-rate residential apartments. The $27m project would also include developing the first floor into retail space.
The addition of 100 new apartments is expected to infuse approximately $2m in annual consumer spending into the core of downtown.
Built in 1922 by J. Boyd Pantlind (whose Pantlind Hotel is now part of the Amway Grand Plaza), The Morton Hotel (now House) was the last elaborate hotel constructed in downtown Grand Rapids before the Great Depression. It later became the home of Old Kent Bank before being converted into 224 affordable housing units in the 1970s. After 40 years, the building fell into disrepair and was closed in 2011.
Project planners are asking the Downtown Development Authority to grant a 10-year tax Obsolete Property Rehabilitation Exemption for the property to help offset costs.
A start/end date for the project is not yet known.
Published: February 13, 2013
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