New McKay Tower owner gets planning commission OK for bank lobby ballroom project

City planners have given the green light to plans by the new owners of McKay Tower to convert the building’s soaring second-floor bank lobby space into a public banquet room.

The Grand Rapids Planning Commission approved the special land use request from Steadfast Property Holdings on Thursday, Nov. 8. Steadfast is a business entity owned by Jonathan Borisch, founder of what’s now Amphenol Borisch Technologies of Kentwood.

Borisch purchased the downtown landmark in May for $10.5 million.

“The Ballroom at McKay” would be used for special events like wedding receptions, business meetings, holiday parties and banquets of up to 250 people. The ballroom will seek permits for alcohol service.

In a news release, Steadfast said would it begin renovations immediately upon receiving approval from the City Commission, which must give final say on the plans on Nov. 27.

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