Post by Logan on May 14, 2016 3:51:56 GMT -6
CEDAR RAPIDS — City staff are recommending a proposal for the tallest building ever in Cedar Rapids — a 28-story, $103 million tower — for a vacant plot in downtown Cedar Rapids.
One Park Place with a grocery store, hotel, rooftop restaurant, a spa, condos, and parking ramp got the nod over two other projects, which officials said they also liked: a $33 million, 11-story proposal by Aspect Design and the $33 million, 14-story Avalon Sky Lofts.
“We keep hearing from those who submitted letter’s of intent, calling, wanting to know how soon we’d get an answer,” said Dave Zahradnik, principal architect with Neumann Munson, a lead developer on One Park Place. “They are excited, and we are excited.”
A panel of city staff and industry experts in commercial finance, architecture, development, construction and downtown stakeholders reviewed the proposals and recommended City Council pursue negotiations with One Park Place. The nine-member City Council will need to sign off, likely at its meeting on May 24, and additional contingencies would need to be met after that, including a financing and public assistance plan.
Read more: www.thegazette.com/subject/news/government/28-story-high-rise-gets-cedar-rapids-staff-support-20160513
One Park Place with a grocery store, hotel, rooftop restaurant, a spa, condos, and parking ramp got the nod over two other projects, which officials said they also liked: a $33 million, 11-story proposal by Aspect Design and the $33 million, 14-story Avalon Sky Lofts.
“We keep hearing from those who submitted letter’s of intent, calling, wanting to know how soon we’d get an answer,” said Dave Zahradnik, principal architect with Neumann Munson, a lead developer on One Park Place. “They are excited, and we are excited.”
A panel of city staff and industry experts in commercial finance, architecture, development, construction and downtown stakeholders reviewed the proposals and recommended City Council pursue negotiations with One Park Place. The nine-member City Council will need to sign off, likely at its meeting on May 24, and additional contingencies would need to be met after that, including a financing and public assistance plan.
Read more: www.thegazette.com/subject/news/government/28-story-high-rise-gets-cedar-rapids-staff-support-20160513