Vision of mixed-use developments enhancing the Grand Rapids community.
Scott Wierda, a seasoned real estate professional, has partnered with his son Spencer to establish SW Real Estate Investment in Grand Rapids. This new firm focuses on multifamily housing, retail, and mixed-use projects, aiming to enhance the West Michigan real estate market. Both father and son bring a wealth of experience, with Scott shifting his expertise from office and retail to multifamily development, while Spencer contributes his knowledge in acquisitions and multifamily management. Their initial projects include significant redevelopments in the Grand Rapids area, reflecting a commitment to community-driven development.
Scott Wierda, a veteran in the real estate industry, has officially launched a new firm, SW Real Estate Investment, in partnership with his son Spencer Wierda. This new venture emerged after Scott stepped down from his role as managing partner at CWD Real Estate Investment. The firm commenced operations in May and aims to enhance the real estate landscape in West Michigan by focusing on investment, development, and brokerage across various sectors including multifamily housing, retail, and mixed-use projects.
Scott Wierda, who has devoted 40 years to real estate development, particularly in retail and office sectors, now plans to redirect his expertise toward multifamily and mixed-use developments at SW Real Estate Investment. Meanwhile, Spencer Wierda, aged 28 and a graduate of the Kelley School of Business at Indiana University, takes on the roles of president and director of development at the firm. Spencer brings with him valuable experience from his previous roles in Chicago, where he handled acquisitions at Origin Investments and managed over $1 billion in multifamily housing developments at Blue Vista Capital Management.
SW Real Estate Investment is already engaged in three notable projects within the Grand Rapids area. The first is the Gaslight Village, a proposed mixed-use redevelopment project that aims to enhance pedestrian connectivity while adding residential, retail, and commercial space. This project is currently moving through City approval, with a crucial vote anticipated in June.
Another significant endeavor is Breton Meadows, which plans to transform the former Family Fare site into 168 new apartments. This residential redevelopment is estimated to cost approximately $35 million, with construction expected to commence in the fall of 2025.
The third project, titled Burton & Breton, involves the neighborhood redevelopment of the former Rite Aid site. Currently under City planning review, renovations for this project are estimated at $1 million.
To ensure efficient management of its properties, SW Real Estate Investment plans to contract with CWD Real Estate Investment. Scott Wierda retains ownership stakes in the CWD Capital portfolio, a significant commercial property owner located in downtown Grand Rapids, indicating a continued association with his former firm.
Both Scott and Spencer Wierda have expressed their commitment to community-driven developments that address local housing needs. The firm intends to focus on creating both affordable and market-rate housing options while initially targeting projects in the West Michigan region with plans to expand across the state in the future. Spencer has noted particular excitement about investing in his hometown, underlining the importance of community investments to fulfill the locality’s housing shortages.
SW Real Estate Investment represents a new chapter in real estate for Scott and Spencer Wierda, blending decades of experience with fresh insights from the younger generation. As they embark on their journey, the firm’s commitment to enhancing the West Michigan real estate scene while addressing community housing demands sets a promising framework for their future ventures.
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