Grand Rapids, MI

Stonebrook

Stonebrook Apartments

29.96 ACRES 2 STORIES 271,130 SQUARE FT 214 APARTMENTS

Location:

1880 Stonebrook Grand Rapids, MI

Community:

Stonebrook offers 2 and 3 bedroom apartment homes for low income and moderate income families in Grand Rapids, Michigan. All units are townhomes and feature in-unit washers and dryers, as well as a full basement. The property is located on a GRATA bus route and also features an on-site pool and playground.

Community Served:

214 Family Apartments / 128 units at AMI 60% or lower, 86 market rate units

Total project cost:

$26,030,371 LIHTC / MSHDA Mortgage / MSHDA HOME Loan / MSHDA Preservation Loan

Developer/Role:

Ginosko Development Company (2013-2016) Acquisition | Financing | Construction Oversight | Asset Management | Resident Engagement | Development Team Formation and Administration

Owner Entity:

GDC-KMG Stonebrook I&II LDHA, LLC / Stonebrook III LDHA, LP

Development Team:

Ginosko Development Company | KMG Prestige, Inc. | Hooker DeJong Architects | Depauda Construction | Loomis