You have to keep that in mind also.
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One Park Place’s street level will comprise grocery store, a hotel entrance, and another retailer.
So a parking ramp with 744 spaces, including 300 for downtown professionals, would’ve been located on floors 2 through 6.
a parking lot now occupies the land, that includes 4 adjoining parcels.
Siegel’s Jewelry had been located there before the flood. Needless to say, cedar Rapids probably was seeking an individual developer for the last ‘cityowned’ plot marked for post flood redevelopment in downtown core. Basically, the 28story, $ 103 million One Park Place has ‘non binding’ letters of intent from Kinseth Hospitality to run a hotel, Iowa City’s Bread Garden Market to operate a grocery store, condos and similar retailers. 11 story, $ 33 million Aspect Designs project has a mix of housing, retail, a clinic and an upscale grocer. By the way, the 14 story, $ 33 million Avalon Sky Lofts focuses on housing. You will find some more info about this stuff here. With grocery stores, proposals for 2 city owned parcels at Street southeastcorner SE and Third Avenue SE vary in function and could rethink feel of downtown, will be community space with a spa and conference center, floors 9 and 9 are for offices.
Floors 22 to 27 will involve 30 tal 1350 square foot and 2050 square foot condos.
Floor 28 will have a rooftop restaurant. Known a 110 room hotel would’ve been on floors 11 through Floors 16 to 21 should have 60 tal 750 square foot and 1330 square foot apartments. Then, the position at Street SE and Third Avenue SE, a block from Cedar River riverfront, is in transition with $ 15 million remodel of ‘5 story’ Smulekoff’s Home Store, and $ 37 million, 11story CRST Center happening at identical intersection. Furthermore, project would seek tax credits through the Urban Revitalization or TIF program equal to 100 percent abatement or reimbursement for 15 years. You see, the project going to be complete in 24 property acquiring months. Besides, the city purchased 2 parcels, that were underwater in 2008, for nearly $ one million in 2010 and 2011, and was usually now working to put space back to use and get it back on the tax rolls.