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Studio Park Development Will Be the Heart of the Entertainment District of Grand Rapids, Michigan As a Dynamic, Mixed-Use Destination

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Studio Park Development Will Be the Heart of the Entertainment District of Grand Rapids, Michigan As a Dynamic, Mixed-Use Destination the premier downtown entertainment destination Grand Rapids, Michigan Mark Ansara Kristen Moore DIR 616 988 5835 DIR 616 242 5160 MOB 616 745 9290 MOB 616 821 3990 [email protected] [email protected] The Studio Park Development will be the heart of the entertainment district of Grand Rapids, Michigan as a dynamic, mixed-use destination. The $180 million project consisting of a 9-screen movie theatre, 106 market rate residential units, 35,000 SF of retail space, a public piazza with an outdoor movie screen, a 936 space parking deck, and the hotel Canopy by Hilton in Phase I. Phase II of the development will add a 10-story residential tower with 140 condos above the parking deck. Located across the street from Van Andel Grand Rapids is ranked the "5th Best Large Arena, which is in the top 10 highest grossing City to Start a Business" arena, worldwide For the second straight year, Grand Rapids This project is estimated to generate revenue of has been named one of the top 3 metropolitan $369 million in the 10 years after completion areas in the nation for economic development accoding to Downtown Grand Rapids Inc. Grand Valley State University Arena Place Plaza Towers & Courtyard by Marriott 131 99,200 ADT Cherry St SW JW Marriott Amway Grand The Venue & DeVos Place & DeVos Plaza Hotel 2200 Monroe LivLivee Performance Hall Van Andel Arena Oakes St SW Ionia Ave SW Cooley Law School Downtown Market Western Michigan University Division Ave S retailfl oorplans Oakes Studio Park B Mixed Use Retail and Residential Building 130’ x 72’ B1B1 Residential Lobby 22,949,949 ssff Building A AVAILABLE Mixed Use Retail Vent ShaftShaft utilities pedestrian walk service Stu access B2 C B4 1,047 sf Parking Ramp 2,006 sf PENDING 93 spaces PENDING B3B3 2,1772,177 sfsf AVAILABLE Vent ShaftShaft Th 10th Scree pedestrian walk S 9 Sc 1 s Street Studio Park C Mixed Use Retail and Residential Building 120’ x 80’ C1 3,0213,021 sfsf AVAILABLE VentVent ShaftShaft CC22 C6C6 863 sf 927927 sfsf AVAILABLE AVAILABLE udio Park Vent Shaft Commons C3 C5 Ionia Avenue 870 sf 580 sf PENDING PENDING C4 1,220 sf PENDING Residential Lobby heater Entry pedestrian walk en on the Commons Studio C creen Theater Restaurant and Event Space buildingplans RESIDENTIAL | 140,625 SF 1 CANOPY BY HILTON | 100,200 SF 4 MIXED USE BUILDING | 42,500 SF 6 140 condos 154 rooms Residential 56 units 10 fl oors 4 levels Phase 2 Retail 2 STUDIO C | 47,200 SF 9,625 SF on ground level 9 screens movie theater 7 MIXED USE | 104,505 SF plus 200 seat music venu Offi ce 90,000 SF 5 PARKING RAMP | 327,960 SF 6 levels 6 levels Retail 3 MIXED USE BUILDING | 42,500 SF 936 spaces 14,505 SF on ground level Residential 33,940 SF 50 units 4 levels Retail 8,560 SF on ground level 6 1 5 2 4 7 PIAZZA 3 up to 600 seat venue #7 Best state to make a living - Forbes #1 Most improved state for business - CNBC #2 Best US city to start a business - Wallethub #3 MSA in the nation for economic development - Area Development Magazine #13 Best place to live in the USA - U.S. News & World Report #18 city most likely to prosper in the next decade - Forbes #4 smartest city in America - Forbes westmichiganoverview West Michigan is home to over 1.5 million people and encompasses the seven counties of Kent, Ottawa, Muskegon, Allegan, Ionia, Barry, and Newaygo. Throughout history, the area has been known primarily for its diverse manufacturing base and highly skilled labor. As the area progresses into the 21st century, health care has emerged as the major economic driver. The region is also known for a burgeoning food and beverage industry, as well as cultural events such as ArtPrize, which every year attracts artists and art fans from all over the world. Within the past few years, over $1.25 billion has been invested in real estate in the downtown Grand Rapids area alone. Some of the major corporations in West Michigan include Spectrum Health, Meijer, Mercy Health, Amway, Gentex, and Perrigo. In fact, more than 130 international companies call West Michigan home. The largest institute of higher learning is Grand Valley State University, with more than 25,000 students and 3,000 employees. The lower-than-average cost of living, close proximity to the scenic shores of Lake Michigan, and abundance of amenities create a vibrant and productive environment. Building on its strong traditions of entrepreneurism, innovation, community involvement, strong family values and a famous work ethic. West Michigan is thriving. For more information, please contact: Mark Ansara Kristen Moore DIR 616 988 5835 DIR 616 242 5160 333 Bridge Street NW, Suite 1200 MOB 616 745 9290 MOB 616 821 3990 Grand Rapids, MI 49504 [email protected] [email protected] 616 774 3500 | www.colliers.com/westmichigan This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2016. All rights reserved..
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