Posted Nov 29, 2017, 11:45 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,383
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One Park Place misses deadline, city eyes new opportunities
Quote:
CEDAR RAPIDS — An Iowa City developer who proposed building a high rise that would have changed the Cedar Rapids skyline acknowledged he did not meet Monday’s city imposed deadline to proceed.
Jesse Allen, the developer behind One Park Place, said a week ago his project was ready to go, but a hotel commitment fell through dealing a “last minute blow” the project could not overcome.
One Park Place officials had the winning proposal among three in May 2016 to develop the last piece of city owned prime real estate in the downtown grid. Allen’s vision for a 28-story, $103 million tower with a grocer, hotel, rooftop restaurant, condos, apartments and parking ramp created a buzz through City Hall and the downtown.
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