Councilors to approve a medical office building in the Towncrest Urban Renewal Area

BY DI STAFF | JUNE 15, 2012 6:30 AM

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The Iowa City City Council will consider a resolution approving an agreement between the city and MDK Development LLC to build a one-story medical office building in the Towncrest Urban Renewal Area.

The building would be located at 1020 William St. and 2611 Muscatine Ave. The developer is also requesting $950,000 in financial assistance from the city for the project, according to city documents.

The proposed building would provide retail/medical office space for three separate building occupants with 6,605, 5,000, and 3,244 square feet, respectively. The proposed building is a total 14,850 square feet and has an estimated project cost of roughly $5 million.

The city's Economic Development Committee recommended the council approve the proposal on a 3-0 vote.

Councilors will consider the resolution during their next meeting June 19.

— by Kristen East

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