This article gives a good synopsis of the relative strength of SW MI's economy and building boom, that seems in all likelihood to continue into the new year. It focuses mostly on GR's boom, but gives a nod to Kalamazoo's mini-boom as well:
Quote:
Large-scale development to continue in 2018
By Nick Manes | MiBiz
December 24, 2017
...Development opportunities also extend south to the Kalamazoo area, where new retail and residential options continue popping up. Andrew Haan, president of Downtown Kalamazoo Inc., points to the ongoing construction of The Exchange project, a $52.7 million, 15-story office and residential tower set to open in 2019 along West Michigan Avenue. Overall, Haan said he expects at least 500 new housing units in the downtown Kalamazoo area over the next couple of years.
“We’ll have some major changes to the skyline in the next few months, and that will send a message to the market,” Haan said. “It shows there’s investor confidence from some major developers and that our lenders are comfortable with the market. We’re just catching up to a couple other communities (around the state) that have been going full bore for a couple of years..."
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I'm interested in where the 500 new residential units figure is coming from. The Exchange would be the largest contributor, contributing 133. Phase 2 of The Foundry will add some unknown amount of residential. Maybe he is also counting possible additions to the housing market through the Arcadia Commons West proposal.