PK Development

PK Development combined a $750,000 loan from OppFund, with Low Income Housing Tax Credits and other sources of financing and partnered with Third Coast Development to commence work on Diamond Place - a redevelopment of a large brownfield site on a key corridor in Grand Rapids into a mixed-use, mixed income community. The project is located near Michigan Street and Diamond Avenue NE in Grand Rapids and will include the new construction of 165 housing units, of which 106 are affordable, 26,000 square feet of commercial space, and a 200-space parking deck.  The project is estimated to create 176 full-time equivalent construction jobs and total project costs were estimated at over $20 million.