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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 12, 2006
Page
45
The new $30 million Plaza Towers in downtown Iowa City is a 14 story mixed use complex with condos apartments a small hotel a convention center shops and fitness and healing centers. Balconies overlook the top center region.
Readers invited to share details of their stylish flats for a possible feature. Include name address daytime phone and a brief decor description plus a digital photo of a favorite room.
Developer Marc Moen touts Plaza Towers as a 14 story complex offering luxury condos, upscale apartments, a hotel and convention center. Prices start around 185,000 with units up to 800,000, rents from 1000 to 3000, drawing faculty and students to a vibrant downtown scene led by Moon and Pam York of the University of Iowa Research Foundation.
In a two part report a Plaza Towers development at 221 E College St on the Pedestrian Mall Iowa City reveals 23 luxury condos 27 apartments a 56 unit hotel metro and retail outlets including a 13000 square foot grocery deli restaurant convention center and fitness healing centers Underground parking costs total build 30 million Residents face condo prices 185000 to 800000 apartments 1000 to 3000 monthly Parking space 15000 Developer Marc hen Architects Neumann Munson Iowa City
Developer Marc Moen built Plaza Towers a 14 story luxury complex on the Pedestrian Mall in Iowa City after a late stage funding pullout. A Madison bank syndicate backed the project, selling all condos before ground breaking and boosting downtown housing demand and city notoriety. Units have appreciated about 40 percent.
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