Second retail building underway at the Fountains in northeast Cedar Rapids

Tenants include Red Wing Shoes, Olive's Oil

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Construction of mixed-use development the Fountains continues to move along even as temperatures drop.

The 19-acre development at the corner of Blairs Ferry and Edgewood roads NE, just north of Hy-Vee, eventually will include 45,000 square feet of retail space and 200,000 square feet for offices.

Phase one opened in October, with Sanctuary Spa, which moved from 290 Blairs Ferry Rd. NE into a 2,800 square-foot-space, and Salon Jude, formerly New Millennium, which relocated from 3661 First Ave. SE into a 1,500 square-foot space.

Jimmy Johns also is on track to open soon, leaving two more retail spaces left to fill, said Kristina Schoell, project coordinator for Compass Commercial Services.

The second retail building has its exterior shell complete, Compass Commercial Services has signed two tenants — Red Wing Shoes and specialty grocery store Olive's Oil — and is in negotiations with a third, Schoell said.

"We should have the second building complete in early spring," she said.

Tammi Kiper, assistant manager at Red Wing Shoes, said the shoe store, 160 Collins Rd. NE in the Kmart shopping center, was forced to find a new location. The 146,167-square-foot retail complex is being redeveloped, bringing in national retailers Hobby Lobby, Fresh Market and Shoe Carnival.

Red Wing must be out of its current location by mid-January. Kmart also is closing its 43-year-old store in mid-December, and the Iowa Department of Transportation is finding another location for its 7,000-square-foot driver’s license station.

But Red Wing's staff is excited to move into the new and larger location, Kiper said. The store will move from 1,600 square feet to  a little more than 2,500 square feet.

Construction on the Fountains signature clock tower also is finishing up, with the copper roof and clock faces being added in the next 10 days to two weeks, Schoell said.

Compass Commercial Services will move into phase three, construction of  two office buildings, after the second retail building is complete.

"Winter will probably slow us down a little bit," Schoell said.

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