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Charles City developers unveil McQuillen Place


CHARLES CITY, Iowa --- Charles City is looking toward downtown redevelopment with establishment of a 50,000-square-foot building of retail shops and apartments in the center of the city's business district.


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CHARLES CITY, Iowa --- Charles City is looking toward downtown redevelopment with establishment of a 50,000-square-foot building of retail shops and apartments in the center of the city's business district. The $13 million building at the corner of Clark and Main streets will be the largest new retail Main Street structure built in the city in 115 years, officials said. McQuillen Place will be built on nine lots and will host living and retail space. The project, which is being built by Charles City natives and brothers Charles and Peter Thomson, will include 33 apartment units on the second and third stories, indoor parking and between five and eight retail stores along the length of its Main Street frontage developers saidA sky-lit pedestrian retail arcade will replace a pocket park at the south edge of the development. The Thomsons jointly operate Amelia Management, a real estate development company based in the cityTheir brother, Steven, also is a partnerChicago-based law firm Duane Morris LLP is serving as counsel on real estate and government funding. "When you look at all the growth that the area has had both in terms of jobs and the Avenue of the Saints ..it's clear that Charles City and northern Iowa are poised for great years ahead," Charles Thomson said in a news release. To finance construction, the Thomsons, in addition to amassing their own capital, have requested tax increment financing from the local TIF district and hope to make use of disaster recovery financing available to the city through a federal government program seeking to encourage building to replace homes lost in the 2008 floods in the Plains ptatesThe requests for government assistance are pending. McQuillen Place, when completed, will be the largest new retail structure on Charles City's Main Street since the 1897 completion of the Hildreth Hotel, which fire destroyed in 1931, officials said. if( showSurvey ) { try { _402_Show(); } catch(e){} } .t402-inline-block, .t402-prompt-iframe-container { z-index: 99!important; float:left!important; width:375px!important; }

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