Watermark Residential has acquired 24 acres of land in Grand Rapids, Mich., where the company will develop The Grove by Watermark, a class A luxury apartment community in the Midwest and the firm’s first in Michigan. The expected completion date is August 2022.
Located at 3590 Beltline Ave. NE, The Grove by Watermark is northeast of Interstate 96, Michigan’s major east-west thoroughfare, connecting Grand Rapids, Lansing and Detroit. With frontage on Beltline Avenue, a major north-south connector, the convenient location offers residents a short commute to downtown Grand Rapids, where they can enjoy local museums, the John Ball Zoo, and a host of breweries and restaurants. A majority of the area’s major employers, including Axios, the headquarters of Midwest supercenter chain Meijer and Spectrum Health, the largest employer in Western Michigan with 31,000 employees, are within a 15-mile radius.
“Located near the affluent Forest Hills community, and within one of
