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220 Quimby St NE, Grand Rapids, MI 49505
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220 Quimby St NE, Grand Rapids, MI 49505
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Mortgage Banking
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CONTACT
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
EJ Wujek
Associate Director 248.341.3316 ej.wujek@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
Trevor Friday
Director 248.224.4660 trevor.friday@berkadia.com
Aaron Moll
Senior Director 248.208.0529 aaron.moll@berkadia.com
Mortgage Banking
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
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Location Description
The Creston neighborhood, located just north of downtown Grand Rapids, Michigan, is the city’s largest neighborhood, with a population of approximately 29,432. It offers a blend of historic charm, vibrant community spirit, and urban convenience, making it a sought-after area for families, young professionals, and retirees. Originally known as the Fifth Ward or North End, Creston was established in 1906 and developed as a streetcar suburb in the early 20th century. It has Dutch, Irish, German, and Polish immigrant heritage, which is reflected in its cultural vibrancy. Once an industrial hub, Creston evolved into a residential and cultural area. Recent entrepreneurial activity has revitalized historic buildings into new businesses, particularly along Plainfield Avenue, creating a “microeconomy” with a walkable business district.
Creston Neighborhood:
Executive Summary
The Current is a thoughtfully designed, newly constructed urban community just north of downtown Grand Rapids in the vibrant ‘Creston’ neighborhood. The studio, one, and two-bedroom apartments offer incredible natural light with large triple pane windows, modern finishes, full-size washers / dryers, and high-end extras to enhance the resident’s lifestyle. Situated in the heart of Creston, The Current combines eco-friendly living with urban sophistication. The property boasts a walkability score of 87 providing easy access to charming cafes, unique local spots, and diverse dining options. At The Current, convenience is part of the experience. The community is home to a Quickwater Coffee allowing residents to simply step outside of their units to enjoy their morning coffee or afternoon pick-me-up.
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Severe Housing Shortage Driving Demand Grand Rapids is experiencing a significant housing shortfall. Kent County needs an estimated 35,000 new housing units by 2027, according to a 2022 Bowen National Research report — creating strong tailwinds for multifamily development.
Prime Location in the Creston Neighborhood Strategically located just north of downtown, The Current offers residents’ walkable access to shops, dining, nightlife, and major highways — blending urban energy with neighborhood charm.
Strong Employment Market With a low 4.7% unemployment rate, Grand Rapids supports a stable and growing workforce, fueling consistent rental demand.
Brand-New Construction with Exceptional Lease-Up Momentum The Current is a newly delivered asset with modern finishes, sustainable features, and strong early leasing performance — a testament to its market appeal.
Submarket Strength – Central Grand Rapids 97% Submarket Occupancy — demonstrating the resilience and desirability of this submarket.
Rapid Regional Growth Grand Rapids is the fastest-growing region in Michigan, with a 16.9% population increase since 2010, reflecting its rising appeal to both residents and investors.
High-Performing MSA With 4.1% year-over-year effective rent growth, the Grand Rapids MSA continues to attract multifamily investment, offering a rare opportunity in a thriving market.
Modern, Sustainable Living Residents enjoy eco-conscious amenities including a fitness center, smart building technology, and sustainable design — catering to today’s lifestyle preferences.
On-Site Café Convenience The Current is home to Quickwater Coffee, offering residents the luxury of a premium café experience just steps from their front door.
Rich Local Culture and Recreation From the Grand Rapids Art Museum to Riverside Park, residents are surrounded by cultural attractions, green spaces, and unique local businesses.
Diverse Economic and Educational Base Anchored by strong sectors in healthcare, manufacturing, and tech — and supported by institutions like Grand Valley State University — Grand Rapids offers a robust foundation for long-term growth.
Exceptional Quality of Life Affordable living, a strong sense of community, and abundant outdoor activities make Grand Rapids a top choice for families and professionals alike.
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QUICK STATS
33,989 SF
TOTAL SF
472 SF
Average SF
4 1st Floor Includes Retail
Stories
1
Buildings
2024
Built
72
UNITS
Eat & Drink: Frosty Boy Grand Rapids, Café Mamo, Lucy's, Graydon's Crossing, Butcher's Union, Arcane Pizza, The Rezervoir Lounge.
Shop & Provision: Kingma's Market, Kay Pharmacy, Bridge St Market, Good Good Good, Creston Market, Switchback.
Explore & Enjoy: Northfield Lanes, Grand Rapids Art Museum, Kent Country Club, LMCU Ballpark, CKO Kickboxing, Aberdeen Park, Riverside Park, Grand Rapids Public Library - Van Belkum.
Work & Learn: Trinity Health, Corewell Health, City High, All Saints Academy, Acrisure, Grand Valley State University.
Local Highlights:
Grand Rapids, MI and surrounding areas are home to a host of suburban shopping centers and plazas teeming with various restaurants, markets, shops, and cafes. Grand Rapids is conveniently located under three hours of both Chicago, IL and Detroit, MI.
Air Conditioning
Fully Equipped Kitchen with Dishwasher
Stainless Steel Appliances
In-Unit Washer / Dryer
Large Triple Pane Windows
Private Balcony
Fitness Center
Resident Lounge
Smart Building App Access
Select Furnished Apartments Available
AMENITIES
0.51 acres
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