Phase one of the Fountains on track to open this fall in Cedar Rapids
Developers confident transition to phase two will begin immediately
Construction has begun on phase one of the Fountains, with retailers slated to open for business as early as October.
The 19-acre development sits at the corner of Blairs Ferry and Edgewood roads NE, just north of Hy-Vee. The mixed-use project eventually will include 45,000 square feet of retail space and 200,000 square feet for offices.
The first phase will consist of 26,500 square feet of retail space that will be divided between two buildings and a two-story 51,000 square foot office building, said Geoff Frazenburg, construction and business manager of Compass Commercial Services, which is handling construction operations and property management.
One retail building is well underway, while the foundation has been poured for the second retail building. Construction of the office building should begin in the next several weeks and be complete by June 2014.
These first three buildings are located in the southern half of the property. An outdoor pond, patio seating and possible clock tower also are features of the first phase of the upscale-retail and office building project.
Kristina Schoell, project coordinator of Compass Commercial Services, said the Sanctuary Spa is the first retail tenant to sign onto the project, and the company is in talks with three other businesses.
The day spa will move from its location at 290 Blairs Ferry Road NE into the Fountains development, said owner Cindi Schamberger. The new location will give Sanctuary Spa 1,000 square feet of extra space and allow it to offer new services, including sunless tanning and a hydro-tub bath.
The company previously has said that phase two of construction is dependent upon the demand and success of phase one. Schoell said the Fountain's initial response has lead Compass Commercial to anticipate a fluid transition with phase two construction starting shortly after phase one is complete."It's coming along very quickly," she said.