Archive for April, 2013

Roemer Machine & Welding (Re-location/Expansion)

Posted in Projects with tags , , on April 30, 2013 by Tory Brecht

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Northwest Boulevard and I-80 (Eastern Iowa Industrial Center)

Total Investment: $4.5 million
Total Public Investment: Davenport NOW tax refund TBD
Private Funds Leveraged: $4 million-plus
Status: Opened this spring
Jobs retained: 20

Roemer Machine's new facility is on Tremont Avenue, in the Interstate 80 corridor.

Roemer just celebrated their 60th anniversary in 2012, but despite moving into a new facility on Tremont Avenue in the 1980s, the company needed to expand. As many other businesses are finding out, the Eastern Iowa Industrial Center with its access to Interstate 80 and large open spaces ready for expansion, made a great fit. Roemer broke ground on their new facility last August.  The new location will help them better serve their customers. Roemer repairs centrifuges for the grain and ethanol industries, municipal waste water treatment plants, meat and poultry industries, and chemical and pharmaceutical companies .

The new space contains more than 4,000-square-feet of office and an air-conditioned shop area. It also includes six overhead bridge cranes, two jib cranes, 1,750 square feet of mezzanine space and surface parking for 37 vehicles.The interior space of the new faciltity includes more than 5,000 square feet.

The City of Davenport is assisting the project through its Davenport NOW program, which offers tax rebates on new construction. The Roemer expansion is one of a handful of new projects finishing up or getting started this spring in the EIIC and the Interstate 80 corridor. Check back with Doing It in Davenport often for updates.

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Dot Com – Hip Hop & Urban Accessories (new business)

Posted in Projects with tags , , , on April 22, 2013 by Tory Brecht

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1432 W. Locust Street – Suite 8

Total Investment: $15,000
Total Public Investment: $5,000 small business loan from City of Davenport
Private Funds Leveraged: $10,000
Status: Opening soon
Projected jobs created: 3

Exterior of Dot Com Hip Hop and Urban Accessories on West Locust Street.

Not every new project featured on Doing It in Davenport is a multi-million dollar investment. But small entrepreneurs with great ideas and big dreams are excellent cumulative job creators and help tremendously with urban infill. Such is the case with Grace Madison’s new specialty store, Dot Com – Hip Hop & Urban Accessories, on W. Locust Street.

Madison, a recent college graduate with a background in retail, came up with the idea after realizing that she often had to visit up to five different large stores to find the trendy accessories she wanted to accompany her outfits. She also noticed a lack of small clothing/accessory retail on the west side of Davenport, where she chose to locate her store.

Owner Grace Madison's logo asks people to "swag themselves"

“There’s nothing like this in the Quad-Cities and there’s nothing like this on the west end,” she said. “I think the location is going to make the store really successful.” Madison is investing $5,000 of her own money, an additional $5,000 from a private investor and a $5,000 small business loan to get her business – which will employ two clerks and herself as manager – off the ground. The business is located in a small strip mall in a suite that sat vacant more than one year.

So what differentiates “hip hop & urban accessories” from regular accessories? “They’ve got a little flash to them, a little extra colorful items, up with the latest trends and styles,” Madison said. As the tagline under her business name says: “Swag Yourself.”

Accessories sold will include all kinds of items for men and women, ranging from shoes, hats and belts to watches and jewelery. If the business takes off, Madison said, she may add a line of clothing as well. This would allow her to add a couple more jobs.

Hats, belts, shoes and costume jewelery are all offered.

Dot Com – Hip Hop & Urban Accessories will hold a grand opening at 7 p.m. on Monday, April 29.

Harrison Lofts – New Residential and Commercial

Posted in Projects with tags , , , , on April 12, 2013 by Tory Brecht

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1414 Harrison Street

Total Investment: $10.2 million
Total Public Investment: $8 million (combination of Enterprise Zone incentives, City land contribution, state sales tax refund and state investment tax credits)
Private Funds Leveraged: $2.2 million
Status: Ongoing
Projected jobs created: TBD (based on final commercial tenants)

The Harrison Lofts building in the 1400 block of Harrison Street is nearing completion.

A little over four years ago, the site where this new construction is going up in Davenport’s historic Hilltop Campus Village area contained the burned out husk of a fire-ravaged apartment building. Later this summer, the new Harrison Lofts will be a welcome anchor to a neighborhood on the upswing.

Developer Sherman Associates – in partnership with the City of Davenport and State of Iowa – is constructing this mixed-use residential and commercial building at the corner of Harrison and 14th Streets. The building will feature 60 units of studio, 1, 2, and 3 bedroom apartments, with 25 percent market rate and 75 percent low-to-moderate income individuals targeted towards students and residents working in entry-level and service-oriented occupations.

Jackie Nickolaus, vice president of development for Sherman Associates, said the building will be framed and capped with roof work nearly complete by the end of April. Construction should be complete by the end of July, with residents moving in Aug. 1. “I think this project is going to be great for the neighborhood,” she added. The Harrison Lofts are expected to be a linchpin project in the ongoing effort to revitalize the Hilltop Campus Village, which recently became a Main Street Iowa designated district. Scott Tunnicliff, director of the Hilltop Campus Village, called the Harrison Loft project a “giant step forward” for increasing business and attracting residents to that section of the Harrison Street corridor.

The artists rendering of the building shows two stories of residential and ground floor commercial.

Ruhl & Ruhl Commercial Company is actively marketing the two ground floor commercial spaces – one 1,071 square feet and one 2,049 square feet. With two local colleges, several schools and Genesis East Hospital located near the site – which is also conveniently close to downtown – we expect demand to be high and two quality retail uses nailed down soon. Interested retailers can contact Rick Weinstein or Meg Halligan at Ruhl & Ruhl Commercial at rweinstein@ruhlcommercial.com or mhalligan@ruhlcommercial.com.