116 3rd St SE
Cedar Rapids, Iowa 52401
Kingston Village project moving ahead
CEDAR RAPIDS - Developers of The Metropolitan, an $11.2 million mixed-use project in Kingston Village, will break ground Wednesday after a delay caused by land ownership issues.
Hobart Historic Restoration of Cedar Rapids originally expected to start construction in December or January, but hit an unforeseen snag, according to B.J. Hobart.
'We were tripped up by a small but vital detail,” Hobart said. 'Between the five parcels of land involved in the development, there was an issue with the abstract for a small strip of land in the middle. Everyone involved worked quickly and it's resolved now, but it took some time.”
The Metropolitan at 450 First St. SW will include 13 large high-end condominiums, 20 luxury apartments and close to 10,000 square feet of retail and commercial space. The development, which received a $1 million tax credit through Iowa's Brownfield/Grayfield Redevelopment Tax Credit Program, will be located across the street from the McGrath Amphitheatre.
Knutson Construction Services will manage construction of the Metropolitan. Wade Hiner, director of business development for Knutson, said completion still is scheduled for January 2017 despite the delayed start of construction.
'We are excited to get going on this beautiful mixed-use project,” Hiner said. 'Downtown needs more housing and these luxury units fill a void.”
The Metropolitan joins a number of downtown housing projects announced in recent years. Hobart said interest remains strong from potential condominium owners as well as those interested in leasing apartments.
'We have several condos on contract, including our own,” she said. 'We have had many inquiries about the apartments. We're pushing full steam ahead.”
Hobart Historic Restoration has a number of other projects in development.
The company was awarded $777,047 in tax credit support from the Brownfield/Grayfield Redevelopment program for redevelopment of the Mott Building across the river from downtown Cedar Rapids. The top two floors of the three-story, 115-year-old brick building will be converted into 16 one-bedroom and two-bedroom apartments with market-rate rents ranging from $850 to $1,100 a month.
The $5.4 million project is scheduled for completion late next month.
Rendering courtesy of Roman Simmons An architect's rendering shows The Metropolitan, an $11.2 million mixed use complex that will be constructed at 450 First St. SW in Kingston Village. Developer Hobart Historic Restoration of Cedar Rapids will break ground Wednesday for the project, which will include condominiums, apartments and retail space.
Rendering courtesy of Roman Simmons An architect's rendering shows the kitchen and dining area of a condominium in The Metropolitan, an $11.2 million mixed use complex that will be constructed at 450 First St. SW in Kingston Village. Developer Hobart Historic Restoration of Cedar Rapids will break ground Wednesday for the project, which will be constructed across the street from the McGrath Amphitheatre.
Rendering courtesy of Roman Simmons An architect's rendering shows the patio of a condominium or apartment at The Metropolitan, an $11.2 million mixed use complex that will be constructed at 450 First St. SW in Kingston Village. Developer Hobart Historic Restoration of Cedar Rapids will break ground Wednesday for the project across the street from the McGrath Amphitheatre.
Rendering courtesy of Roman Simmons An architect's rendering shows the kitchen of a condominium at The Metropolitan, an $11.2 million mixed use complex that will be constructed at 450 First St. SW in Kingston Village. Developer Hobart Historic Restoration of Cedar Rapids will break ground Wednesday for the project across the street from the McGrath Amphitheatre.
Ground will be broken for The Metropolitan 450 First St. SW, an $11.2 million mixed use project in Kingston Village that was delayed by a land title dispute. The Metropolitan will feature 13 large high-end condos, 20 luxury apartments and almost 10,000 square feet of retail and commercial space. Photographed in southwest Cedar Rapids, Iowa, on Tuesday, March 15, 2016. (Jim Slosiarek/The Gazette)
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