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Downtown Cedar Rapids approves Wells Fargo site redevelopment
Cedar Rapids approves an agreement to redevelop the vacant 150 First Ave. NE Wells Fargo building. 1501st LLC plans an $11 million total renovation to LEED standards, including a rooftop patio, new exterior, and relocation of Midwest Equity and Skogman’s Tiffany Earl Williams Team. Construction to finish by January 2026. The city will reimburse increased taxes up to 100 percent for 10 years to cover LEED costs, with expected $900,000 in eligible reimbursements and job gains of 15 with 12 retained.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Wells Fargo
First Ave. NE
Midwest Equity
Skogman Companies
First Ave. SE
Tiffany Earl Williams
Skogman Commercial
150 1St LLC
1501St LLC
Wells Fargo Bank
First Ave