Harrison Lofts – Update

Doing-it-in-Davenport_Black

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
Total Units: 60
Status: Leasing underway

 

Exterior work is complete on the new Harrison Lofts building in the Hilltop Campus Village

The first tenants in the new Harrison Lofts apartment building will begin moving in this week, even as feverish construction work continues on the massive mixed-use building in Davenport’s Hilltop Campus Village.

Jackie Nickolaus, Vice President of Development for developer Sherman Associates, said 11 tenants are set to move into completed third floor apartments on Sept. 13. Demand remains high for the remaining units, and she is optimistic the entire building will be leased out by the end of the year.

“We were taking apps based only on floor plans,” she said. “We’ve only been able to offer walk-throughs this past week. This Saturday, during the Hilltop Fall Festival, we will be giving tours.”

Harrison Lofts features 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. The units are not cookie cutter design, and feature tall ceilings, huge windows and interesting views of the surrounding Hilltop Campus Village neighborhood.

Large windows and spacious kitchen space are hallmarks of the Harrison Loft apartment units.

Ruhl & Ruhl Commercial Company is actively marketing the two ground floor commercial spaces – one 1,071 square feet and one 2,049 square feet. Tenants are still being sought. Interested retailers can contact Rick Weinstein or Meg Halligan at Ruhl & Ruhl Commercial at rweinstein@ruhlcommercial.com or mhalligan@ruhlcommercial.com.

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