Articles Tagged: Commercial real estate

Work continued Friday in downtown Cedar Rapids on the

AMC removes its name from Edgewood Road SW movie theater

First and First West, the $81.5 million development of city-owned land on the west side of the Cedar River, is making progress.

The fate of a site that could present an opportunity to attract people downtown and shape the face of the urban core remains in limbo until a buyer steps forward. The prime piece of vacant land in the heart of Cedar Rapids is listed for sale for $2.5 million.

The owners of a downtown Independence hardware store received a $600,000 Downtown Housing Grant to help develop 10 apartments on its second floor.

Phelan’s Interiors -- a business that was stared 84 years ago in Cedar Rapids as a paint supply for retail and lumber yards -- say it will exit the retail sector.

The state of things for the Cedar Rapids’ metro area’s commercial real estate for 2022 likely will look a lot as they did in 2021, according to a new report from GLD Commercial.

Hy-Vee grocery near Lindale Mall closed earlier this month, but the mall’s manager and other business experts aren’t worried — the mall is in one of Cedar Rapids’ busiest retail districts.

Raining Rose is purchasing the former Color Web Printers facility to boost its warehouse capacity.

The property at 21 S. Linn St. was purchased on Oct. 1 for $3.8 million by 21 S Linn Iowa Property, LLC with the same address as CA Ventures, a Chicago-based developer.

Work continued in earnest Thursday at the so-called Banjo Block site, 515 Fourth Ave. SE. in downtown Cedar Rapids.

Real estate developer TWG will begin construction this month on Annex on the Square, a $49 million mixed-use, mixed-income multi-family project on the so-called Banjo Block in downtown Cedar Rapids.

Though Hunter Companies was under contract to purchase the former Transamerica site, the local developer is not moving forward with purchasing the property.

The Iowa City Board of Adjustment denied a special parking exception for a proposed high-rise on Linn Street, where the U.S. Bank building is located. An updated proposal has not been submitted.

The 5,400-square-foot space on First Avenue SE is now separated into three smaller retail units.