Local developers were awarded city financial incentives this week to build a $4 million Brown NationaLease facility in southwest Cedar Rapids that will create 10 jobs. The company leases a space in North Liberty.
Communities in the Cedar Rapids metro are partnering in a new initiative to attract people from out of state to live and work in the region, setting aside past feuds over jobs in an effort to address the worker shortage.
The city is scaling back its membership with the C.R. Metro Economic Alliance after the mayor initiated a conversation around how to better target funding given to the organization and about the entities’ relationship as economic development partners.
City officials are evaluating the city’s membership with the Cedar Rapids Metro Economic Alliance. “Do we need more from the Economic Alliance or do we need less?” Mayor O’Donnell said in delaying a vote on the member fee.
Demand for residential housing in Coralville remains high with dwindling space for outward expansion developers are looking to redevelop its aging housing stock and build upwards to meet market demands. However, due to high prices for construction materials and high interest rates affordable housing remains scarce.
The Cedar Rapids City Council tabled a vote on the Cedar Rapids Country Club’s expansion project — a proposal for a new indoor tennis facility that got the green light last year but has since been modified to be an outdoor complex.
The downtown Cedar Rapids building that formerly housed The Gazette is undergoing a $6.3 million redevelopment to become new offices for the Shuttleworth & Ingersoll law firm.
Steve Emerson, the prolific local developer who’s fueled the redevelopment of many downtown Cedar Rapids properties, closed Thursday on the purchase of the former Guaranty Bank property -- taking on redevelopment of key downtown Cedar Rapids site.
High Properties and other local partners are looking to turn a city-owned property in the New Bohemia District into a $23.7 million residential and mixed-use complex.
Electricity transmission company ITC Midwest is relocating its headquarters from a leased space in downtown Cedar Rapids to a purchased facility in the redeveloped Westdale Mall area, providing growing room for the company in a new, permanent location.
As construction continues on the anchors of Cedar Rapids’ $81.5 million mixed-use First and First West site, the development team is planning to bring online other components of the massive project in the urban core.
Glew will continue to lead the organization until June 30, before parting ways to pursue a different opportunity in the Marion area.
The long-vacant historic downtown property that formerly housed the Dragon Restaurant may be revitalized and turned into a $4.2 million mixed-use building, potentially serving as the precursor of another go at redeveloping the Guaranty Bank site.
A local developer is looking to transform UnityPoint’s office building that was destroyed in a 2021 fire into a $18.5 million multifamily housing facility. It’s one of several projects seeking state workforce housing tax credits.
Gutschmidt Properties will receive city financial support to build single-family homes with accessory dwelling units in Oak Hill Jackson, and transform a block of blighted houses in the southwest quadrant into “Rainbow Road” as a symbol of LGBTQ inclusion.
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