Archive for May, 2013

UPDATE: Renwick Building –

Posted in Projects with tags , , , , on May 28, 2013 by Tory Brecht

Work continues on the Renwick building renovation

Total Investment: $4.2 million
Federal Historic Tax Credits: $834,000
State Historic Tax Credits: $1 million
City bridge loan: $1.8 million
Private Funds Leveraged: $2 million

324 Brady Street
Status: Ongoing
Projected jobs created: TBD

Thanks to the generosity of architect Jim Morrison (yes, that’s his real name) – we got a sneak peak INSIDE the ongoing Renwick Building renovation on Brady Street. Work on both the first floor tenant space and the apartment spaces is reaching fever pitch. (We still can’t reveal the first-floor tenant, per their request, but we think they’re going to be a great addition to downtown.)

Restoration St. Louis is lauded for their ability to bring original architectural elements back to life, and this project is no different. We thought the saving of the 100-plus-year-old original staircases throughout the main section of the building was particularly cool.

Original staircase in the Renwick Building

The 18 market-rate apartments – all of which are already spoken for, according to Morrison – feature stunning views of downtown Davenport through giant windows.

Large arched windows provide views of the Federal Courthouse in this Renwick apartment.

 

Even the kitchen windows at the Renwick offer nice downtown views.

Small balconies added to the backside of the building will allow tenants to enjoy some outside air while maintaining an urban feel.

Balconies on the back of Renwick also offer downtown views.

Last, but certainly not least in our minds, Renwick is the first public-private partnership location to feature one of our new Doing It in Davenport physical signs out front. Keep an eye out as you drive around town for more of these signs popping up, as new growth and new projects abound!

Doing It in Davenport sign is up at the Renwick renovation construction site.

 

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Downtown Davenport Apartment Growth

Posted in General Information with tags , , , on May 21, 2013 by Tory Brecht

While we normally reserve the Doing It in Davenport blog space for specific projects, this info was too good not to share.

GIF showing apartment development growth in downtown

What you see above is an animated GIF image showing the amazing increase in downtown apartment growth over the past five years and stretching into the near future. The legend on the bottom right is impossible to read in this format, so we’ll explain the color codes below:

The areas shown in BLUE in the first frame represent the existing downtown apartment stock five years ago.
MINT GREEN represents completed apartment projects as of May 2013.
BRIGHT GREEN are new apartment projects currently in progress (most will be complete by end-of-summer).
YELLOW are potential projects in the future – with a mix of already proposed and those envisioned in the downtown master plan.

Seeing the animation spark is great visual evidence of the rapid residential growth in Davenport. It is anticipated that nearly 300 new market rate units will be created by the end of 2013. The downtown census tract is the fastest-growing track in the entire city, and the expectation is more retail and office development will follow on the heels of the population growth.

Hilltop Collectibles (new business)

Posted in Projects with tags , , , on May 10, 2013 by Tory Brecht

Doing-it-in-Davenport_Black

1605 Harrison Street

Total Investment: $10,000
Total Public Investment: TBD
Private Funds Leveraged: $10,000
Status: Opening soon
Projected jobs created: 2

Hilltop Collectibles at 1605 Harrison is another small project in terms of investment and jobs created, but it is a another sign of the renaissance happening in one of the City’s oldest and most important commercial corridors.

Hilltop Collectibles on Harrison Street

Owner Ron McDermott had a front row seat to the slow decline of the Harrison corridor/Hilltop neighborhood through the 1980s and 1990s, but likes what the future holds.  “In the last three to four years, I think more businesses opened than in the previous 10 years combined,” he said. “I’ve been on Harrison Street 25 years. I saw it die, and now I’m seeing it come back.”

Ron and his wife Carol are opening an antiques and collectibles business in the middle section of the stretch of buildings along the 1600 block of Harrison. Those commercial buildings date to  1890 and are in need of some TLC. McDermott said he is looking into awning and facade improvements. He previously ran R&G Telephone at 1513 Harrison, another building he expects to see refreshed soon.

Hilltop Collectibles has a large vintage Coca-Cola collection

Inside, he’s already busy setting up displays of a wide variety of antiques and collections he and his wife have accrued over the years. He admits to being a bit of a “picker” over the years. “I told her we’re not moving the collection again.”

McDermott said he plans to open the store later this spring.