More good news for the Historic Millwork District: On Thursday, Iowa Community Development awarded $18 million in federal tax credits for the redevelopment of the Novelty Iron Works complex, at 333 East 10th St. in Dubuque.
This is a huge boost for the district! The NIW complex is massive, covering the entire city block between 10th, 11th, Washington, and Elm Streets. The buildings will become mixed-use retail & commercial (on the 1st floor) and residential (floors 2-5). According to the development plan, the residential component will have studio, 1, 2, or 3-BR loft apartments, a pool, community room, and fitness center. The entire building will be served by underground & surface parking. The project will cost $28 million altogether and create 150-200 construction jobs.
The development’s website with floor plans and building elevations: http://www.warehousetrust.com/index.php
DM Register tax credit announcement: http://www.desmoinesregister.com/article/20130322/BUSINESS/303220055/1004/NEWS02/?odyssey=nav%7Chead