Adelaide Pointe Foreclosure Battle | Grand Rapids News

A judge has denied Ryan Leestma’s last-ditch effort to stop West Shore Bank from foreclosing on Adelaide Pointe’s key mixed-use building — a hotspot with a brewery and event space — as the bank claims over $7 million is owed. Leestma’s bankruptcy team argued for an automatic stay to protect the property’s value, but the court ruled the stay doesn’t cover this specific asset. The fallout stems from Leestma’s April Chapter 11 filing, triggered by a separate $28 million dispute with Independent Bank — now settled — while he races to complete 34 condo units. Complicating matters, equipment lessor Team Financial Group is demanding unpaid rent or gear back since January, citing depreciation. Once envisioned as a luxury boating hub, Adelaide Pointe’s ambitious redevelopment is now caught in a whirlwind of financial chaos and legal battles. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.mlive.com/news/muskegon/2026/09/court-denies-motion-to-stop-foreclosure-of-adelaide-pointe-mixed-use-building.html More coverage & latest updates:https://sources.thednn.ai/72a0a5286556d8e2 Report issues to [email protected].