Renwick Building – UPDATE

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324 Brady Street

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
Status: Residential complete, commercial nearly complete

The exterior of the renovated Renwick Building shines at night

Christmas decorations adorn the inside and outside of nearly every single one of the 18 new apartment units in the just-completed Renwick Building renovation and new exterior lighting brightens this once dark edifice on Main Street. Work is continuing at a breakneck pace to get the first floor tenant space finished. The new live music venue – the operator of which is still officially under wraps although it may be the worst-kept secret in the Quad-Cities – is scheduled to open by the end of January.

Developers Amrit and Amy Gill of Restoration St. Louis said they are pleased to see work nearing an end on Renwick, as they gear up for their massive $60 million mixed-use City Square project on 2nd Street which gets underway in early 2014. The couple gave City staff a tour through the nearly completed building earlier this week, pointing out some of its unique features and architectural touches.

One of the centerpieces is the shared-use “penthouse” that offers some of the best views of downtown Davenport around. The penthouse features a gas fireplace, comfortable seating areas, and outdoor deck and workout room.

The Renwick penthouse offers stunning views of downtown Davenport

The Renwick penthouse offers stunning views of downtown Davenport

The first-floor live music venue will be state-of-the-art, with one of the most modern recording studios in the entire country and other high-tech touches that should deliver amazing concert experiences in an intimate setting. The gigantic front windows will give passer-by a great view into the building, which should be a hotbed of activity downtown.

Work continues on the live music venue in the Renwick Building

Work continues on the live music venue in the Renwick Building

All 18 of the apartment units are rented, further evidence of the growing demand for downtown living. Each feature high ceilings, top end appliances and individual balconies.

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The Gills say the building should be fully complete and the first-floor tenant should be open for business by the end of January.

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