$30 million in developments coming to Cedar Rapids - KWWL - Eastern Iowa Breaking News, Weather, Closings

$30 million in developments coming to Cedar Rapids

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The city of Cedar Rapids is seeing a boom in development with $30 million in capital investment after city council approved proposals last week.

This 30 million-dollars is made up of four development projects, two of those are new housing options and the other two involve commercial real estate. 

Several city council members and other community leaders tell me they are excited about what this all means. They say the diversity of the projects involved proves the city is headed in the right direction. 

Jennifer Pratt, Director of Community Development says, "They are happening all throughout the community, in all kinds of different areas so it's not just one area benefiting from this."

A $19.2 million affordable housing complex will be going up on the southwest side of town at 5200 16th Avenue SW. The city used multiple tax credits to secure the development for lower income families. 

Pratt says, "It's really help fill a need for young people, professionals just starting out that still want to have that urban living experience. "

The time check neighborhood on Ellis Blvd. also seeing some growth with six new duplex units going up. That project bringing $2.5 million in capital investments. This all happening on land that ten years after the 2008 flood has struggled to see growth. 

Cedar Rapid's At-Large City Council Member, Ann Poe says, "Putting rooftops in the flood impacted area is huge to us because that allows us to keep the schools in that area active and viable." 

The new developments not just limited to housing, businesses are growing around town too. McGrath Auto dealership building a new $6.3 million used car lot on 1510 Collins Road NE. Plus the $2 million being put in the renovation of the old Flecks Sales warehouse at 1825 Edgewood Road SW.

Poe says, "It shows that we are diverse, and that we are really like I said trying to keep the momentum going."  

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