Business and real estate seem to go hand in hand. Many businesses revolve around real estate. Relators, landlords, brokers, inspectors, and assessors are professions that would not exist without real estate. The list is even more extensive to business that loosely rely on real estate. But what about all the Grand Rapids manufacturers, retailers, restaurateurs, office workers, art venues, etc.? Those types of businesses are generally not directly or loosely associated with real estate but they need some place to operate.
Those in the West Michigan are well aware that the Big Old Building (more commonly known as the B.O.B.) is planning a massive expansion. This multi-million dollar expansion will create a new outdoor festival marketplace, including the biergarten, as part of a 40,000 square foot outdoor piazza in addition to a two story, 22,000 square foot event and concert venue that can seat 1,500, with standing room for 500 more.
The B.O.B. has been a staple of Downtown Grand Rapids for 16 years now and this expansion is necessary for it to remain competitive with the growth that it helped spur in the surrounding area. Being able to attract national and local performers, offer year-round outdoor activities, and establish its own signature brewery are all goals of this expansion.
Greg Gilmore, managing partner of The Gilmore Collection, is not in the real estate business. He is not constantly buying, selling, inspecting, or working with real estate. That is not what The Gilmore Collection does. But this expansion is fraught with real estate and construction issues. Purchases, approvals and construction will be at the top of The Gilmore Collection’s plate.
All of these include agreements and knowledge of the local statutes, regulations, laws and ordinances. Basically, this kind of project is right in the wheel house of a lawyer. Having a trusted adviser that knows your business, knows what your goals are, and can assist you through this process would be a great benefit to you. While you might not be planning a multi-million dollar expansion to your business but that doesn't make it any less important. Contact your local business law firm and find out what they can do for you.
Source: “The B.O.B. plans new biergarten, marketplace and concert venue” by David Czurak of the Grand Rapids Business Journal