Coralville council advances Bridgewater project
Proposed subdivision would include single-family and senior housing
CORALVILLE — The proposed 100-acre Bridgewater development in Coralville is a step closer to reality after the City Council approved Tuesday a preliminary plat plan and rezoned some of the land.
The development is planned for property immediately west of the Iowa Firefighters Memorial, which is west of First Avenue and north of Interstate 80. It would include single-family and multifamily residences as well as have two commercial lots, said Coralville City Administrator Kelly Hayworth.
A memo to the council from building and zoning official Jim Kessler said the development is planned to have 594 units of housing, including 170 senior housing units. It should provide independent living, assisted living and memory care.
Venture One is the developer behind the Bridgewater project. Hayworth said Venture One proposed the project a while ago but recently purchased the property.
Neighbors to the planned single-family homes expressed concern over how the homes would fit into the existing neighborhood and affect values. Mike Bails, a marketing representative with Venture One, said his company expects to build homes costing $300,000 or more.
“I think the concern is they’re worried about the price of the homes,” Bails said. “We designed this with the intent of keeping the neighborhood harmonious with how it already is.”
Mayor John Lundell said he understands why neighbors have concerns because the area has been undeveloped for decades. He said the developer has taken precautions like preserving trees to make sure new housing fits in.
“I’m sure that the people have gotten used to not having the additional homes there, but it’s appropriate for it to be developed this way,” Lundell said.
Neighbors will be able to comment on the Bridgewater development at the next Planning and Zoning Commission meeting at 6:30 p.m. Sept. 7 at City Hall.
The City Council also discussed another large development — the Iowa Arena project at Iowa River Landing.
Hayworth said the city’s contract with the state for partial funding will come to the council for approval soon.
The contract requires the project to have a developer chosen by October, which is the next major step for project. Hayworth told the council the city hopes to send out a request for proposals Wednesday.
Hayworth said the city plans an open house from 5 to 7 p.m. Aug. 18 at the Coralville Public Library. There, residents will be bale to learn about the Iowa River Landing and the arena.