December 14, 2018
The Michigan State University Board of Trustees today authorized MSU administration to enter into a Public Private Partnership (P3) for the continued development of the Grand Rapids Research Center (GRRC) site.
In July 2018, JLL issued a P3 Request for Proposal (RFP) on behalf of MSU for developer procurement. A lead developer candidate, Health Innovation Partners, a joint venture between MB Real Estate, Walsh Construction/Walsh Investors and Rockford Construction & Development, has been identified and today’s authorization allows MSU administration to proceed with negotiations on the ground lease and developer agreement.