Fulton & Market

Fulton & Market is a transformative mixed-use development that will bring thousands of workers, residents, shoppers, and visitors to Grand Rapids’ downtown riverfront and create an immersive, pedestrian-friendly commercial and residential district connecting key downtown business, hotels, sports and entertainment districts.

SCOPE

In place of nearly seven acres of surface parking at the Fulton & Market intersection, this development will feature nearly 700 new rental and condominium residences, a boutique luxury hotel, and over 53,000 square feet of retail space for distinct shops, restaurants, and other amenities.

The project will enhance walkability from Fulton Street to the amphitheater and beyond, create a public promenade that provides river access from the east, and extend the riverwalk to the south—serving as a critical link to more than 100 miles of trails from Lake Michigan to Lowell.

TIMELINE

•   Fall 2025:  Begin Phased Construction

•   Fall 2028 – Spring 2029: Target Completion

KEY PARTNERS

• Fulmar Holdings, LLC

• Michigan Economic Development Corporation

• City of Grand Rapids

• Michigan Growth Advisors

• Progressive Companies

• CBRE

CONSTRUCTION

• Slated for 2025-2029

CURRENT STATUS

• Transformational Brownfield Program (TBP) application was unanimously approved by the City Brownfield Redevelopment Authority on October 16, 2024, and is currently under review by Grand Rapids City Commission and Michigan Strategic Fund.

Community Impact

• Nearly $740 million in private investment in the City of Grand Rapids.

• 595 new market-rate residential rental units and 76 new market-rate condominium units in downtown Grand Rapids.

• $8.5 million commitment to the City of Grand Rapids Affordable Housing Fund will finance an estimated 70 new affordable residences.

• The development will support an estimated 1,938 FTE jobs with average wages of approximately $85,000.

• Workers here will generate at least $32.3 million in new local income tax revenue over 20 years.

• The projects will employ 3,822 construction workers over five years, representing a construction period labor impact of over $286 million in the City of Grand Rapids.

• Converts 6.9 acres of vacant and underutilized land to 1.2 million square feet of vibrant commercial, hospitality, and residential development.

Images courtesy of Progressive Companies.