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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 09, 2017
Page
11
Retail construction spending topped 1.6 billion dollars in June the highest since 2008 as developers fund renovations and new malls. Experts say focus has shifted to renovating existing assets to attract foot traffic with restaurants and experiential offerings, not new ground-up projects.
North Liberty receives up to 3.07 million in RISE funds from the Iowa Transportation Commission to reconstruct a one mile segment of Kansas Avenue. The project supports a 50,000 square foot Geico office expected to open in April and create about 307 new jobs with a 12 million dollar capital impact. The overhaul includes a wide sidewalk and a roundabout at Kansas Avenue and St Andrews Drive, with completion anticipated in December 2018.
Sedgwick Claims Management Services announced a new office on the second floor of the former Smulekoff’s building in downtown Cedar Rapids. About 40 employees will work there with plans to add roughly 25 per year for five years, as the city funds a $15 million renovation that will mix apartments with retail and office space.
Energy logistics firm Logisticus Projects Group opens a Greenville based branch at the former Artco Fleeting Facility in Camanche. The ADM facility serves wind turbine blade transport in the Midwest, starting with 10 jobs and potential growth as wind energy expands.
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