HomeMy WebLinkAboutDowntown Development for ICR 8.14.19City of Iowa City
Downtown Development
Update
A mix of Private and Public Investment
August 2019
1
The Chauncey
The Chauncey
City RFP – 10 responses
15 story building at the corner of College and Gilbert Streets
Was a blighted property with surface lots and a vacant building
$49 million project,
$14.2M TIF
Approximately 50 apartments/condos
Approximate 35-room hotel
35,000 square feet office space
FilmScene 3 theaters, 12 lanes of bowling alley, art gallery
2
Augusta Place
35 million project; $4.67 million TIF
Saves church
18 affordable housing units
100 units - approx
3
Augusta Place
35 million project; $4.67 million TIF
Saves church
18 affordable housing units (12 off site)
126 units
4
Hilton Garden Inn
Across from the new U of I School of Music project creating a premier arts destination
$33 million project; $8M TIF
First new brand name downtown hotel since 1982 Sheraton
Approximately
144 rooms
Has a physical connection to the Court St. Transportation Center
5
Hieronymus Square
Hieronymus Square
$40.75 M project costs; $8 M TIF rebates
2 buildings – mix used in front; Element hotel between corner and Hilton Garden inn
91 extended stay suites
6
MidWestONE Office, Parking and Townhomes
Midwest One office building
First 100% office building constructed in or near downtown in approximately 45 years
Six total floors – four for the bank and two floors of spec office space
This
is a private development that will serve as a catalyst for the Riverfront Crossings District
Riverfront Crossings Multi-Use Parking Facility and Townhomes– Approx $27 million total
project
Public/Private Partnership on the Harrison Street site
After construction of the MidWestOne building the developer built and will lease/purchase a parking facility to the City
with approximately 610 spaces.
28 townhome units will be constructed facing Dubuque and Prentiss streets.
7
The RISE at Court & Linn
Another City RFP
$100 million building; no TIF; they GAVE us $1M for Aff Housing
144 room Hyatt Place
320 apartment units
Parking garage
Office space
8
College Street building owner changes
9
College Street project on the horizon
Hieronymus
Square
Hilton Garden Inn
10
Washington Street 2 buildings with new owners
Big Secret
11
Downtown Updates Washington Street ~ $6M Englert $1M
12
Downtown Updates Ped Mall ~ $9M
13
Downtown Updates Ped Mall ~ $9M
14
Supporting Iowa City Downtown District
15
Supporting Iowa City Downtown District
16
Supporting Iowa City Downtown District
17
Supporting Iowa City Downtown District
18
Supporting Iowa City Downtown District
19
Riverfront Crossings, June 2008
20
Riverfront Crossings Park
21
Riverfront Crossings Park
22
S. Gilbert Redevelopment
Big Grove Brewery is an example of adaptive reuse of an existing building.
Future plans for the S. Gilbert block (north of Highway 6) include new residential and mixed-use buildings
23
Forest View – Dubuque St. at I-80
70 acre development
Relocates old mobile home court to new housing in new neighborhood within
Hotel
Fast food
Office and residential.
City participation is road creating 2ndary access
to area.
24