2019 Project Updates
Field of Dreams Movie Site™
We represent Go the Distance Baseball, LLC, the owner of the Field of Dreams Movie Site™. We are proud and excited that our representation included representing Go the Distance in negotiations with Major League Baseball that resulted in an agreement to play a major league game at the field between the New York Yankees and the Chicago White Sox on August 13, 2020. Our representation included direct negotiations with Major League Baseball's General Counsel's office and finalization of the contract that will bring these two historic franchises to Iowa's iconic field.
Dupaco Community Credit Union
Dubuque's Historic Millwork District took a decisive and important step forward in 2019 when Dupaco Community Credit Union completed an exhaustive search and agreed to acquire the, 183,000 square feet historic "Voices Building" at 1000 Jackson St. We are honored to have worked with this powerhouse hometown financial cooperative to identify and resolve a myriad of title matters related to acquisition of the building and to negotiate a final Development Agreement with the city of Dubuque. We were then pleased to work with Dupaco to assist in structuring and finalizing a $38.5 million financing package, including state and historic tax credits and New Market Tax Credits. This package will assist Dupaco in developing the 5-story brick manufacturing and warehouse building into an operations center for the fast growing cooperative. Congratulations to Dupaco Community Credit Union and its President, Joe Hearn, and Board, for having the vision and execution to complete this game changing development.
2019 brought much needed development to Dubuque's North End. This area, long known for its working class residences and gritty buildings, is a key focal point of the city of Dubuque's drive to breathe new development into its older districts. Metx, LLC, owned by Mel Sisler, Kelly Jackson, Gary Carner and Gary Stelplug, acquired the 56,000 square foot former Metz Baking Company building with the desire to rehabilitate the historic structure into a medical campus. We represent the group in the acquisition of the building, negotiation of a Development Agreement with the city of Dubuque, and negotiation of a financing package consisting of state and federal historic tax credits, tax increment financing and local bank lending to complete the $9.5 million transformation. The building is the new home of Crescent Community Health Center and will soon house additional medical centers, including a pharmacy and physical therapist practice. Congratulations to the developers on creating a project that brings great benefits to the city as a whole and to the residents of Dubuque's north end-and that will serve as a further catalyst to development in the area.
2018 Project Updates
St. Mary's Church
When St. Mary's Church, a beacon of community and church activity in downtown Dubuque since 1867, closed, the St. Mary's campus (consisting of the church, old school buildig and convent) was at risk of serious deterioration. The school had been vacant for years and the venerable church building was showing its age. The buildings and grounds occupy nearly a city block of Dubuque's vulnerable downtown/north end. Determined to avoid a long and slow deterioration of the beautiful but aged structures, community leaders formed Friends of St. Mary's and set out to reimagine the campus into a community events center, office space for commuity non-profits and new apartment units.
We have represented Friends of St. Mary's from the planning stages, including acquisition of the property, development agreements, historic tax credit transactions and completion of Phase I of this multi-phase project. This initial phase converted the old school building into twelve apartments in a $4.55 million project involving state and federal historic credits, donated funds, grants and other sources of funds. We look forward to continuing our relationship with Friends of St. Mary's and completing rehabilitation of the entire St. Mary's campus.
Linseed Oil Building
The McNamara family, one of Dubuque's pioneers in rehabilitation of historic buildings, has added another fantastic project to its resume. The former Linseed Oil Building in Dubuque's Millwork District was converted to sixteen beautiful aprtements in a $5.5 million rehabilitation supported by state and federal historic tax credits. We are pleased to have continued our long relationship with the McNamara family and to have represented them in each aspect of this project.
2017 Project Updates
In May of 2017 the city of Dubuque faced the possibility of the loss of a long term corporate icon, Flexsteel Industries, and the more than 200 quality jobs provided to the community by the publically traded company. Through the efforts of the City of Dubuque, Dubuque Initiatives, Greater Dubuque Development Corp., Dubuque County and the company, a complex multi-transaction structure was negotiated and implemented. The result of these transactions will be the retention of Flexsteel's manufacturing operations in a brand new facility in one of Dubuue's growing industrial parks and the clean up of Flexsteel's environmentally contaminated old manufacturing site. We are proud to represent Dubuque Initiatives in this landmark project.
Dubuque Area Convention and Visitors Bureau
We are pleased to assist the Dubuque Area Convention and Visitors Bureau as it transitions to a free standing entity and acquires it's own facility. The CVB and its President, Keith Rahe, promote the City of Dubuque and the surrounding area to visitors from around the country and the world.
Older Project Updates
Go the Distance Baseball, LLC
We are honored to represent Go the Distance Baseball, LLC and lead developers Denise and Mike Stillman in the acquisition and proposed development of the Field of Dreams Movie Site. The thirty-seven million dollar project will both preserve the original Movie Site and include construction of fields and other facilities for youth baseball and softball, sports training and tourism.
German Bank Building (John and Mary Gronen/Mike Steele)
This project involved rehabilitation of the venerable German Bank Building in downtown Dubuque. One of the most recognizable buildings in the city, the German Bank Building originally housed one of Iowa’s earliest banks and has a colorful history and instantly recognizable façade. This project, driven by John and Mary Gronen, utilized a mix of funding sources and saved this beautiful structure following damage caused by nearby construction and a substantial fire. This beautiful building now houses The Bank Bar and Grille and two large apartments.
Hotel Julien (Pfohl Family)
We are honored to have worked with the Pfohl Family and their company in connection with rehabilitation of the Hotel Julien. This Dubuque landmark, featuring not only outstanding accommodations but also a premier night club and restaurant, has been renovated to its’ former glory utilizing an innovative mix of historic tax credits, local development incentives and equity/loan sources.
Caradco Building (Gronen Restoration, Inc.)
Rehabilitation of the historic Caradco warehouse and manufacturing facility in the heart of Dubuque’s Historic Millwork District represents another project in our collaboration with John and Mary Gronen, their family of companies and their stellar team of architects (Jeff Morton) and construction specialists. The Gronen’s are innovative leaders in rehabilitating Dubuque’s treasure trove of historically significant buildings.
The Gronen’s newest project is their biggest yet. Carr Adams and Collier Co. (“Caradco”) was once one of the world’s largest millwork companies. This historic building consists of 186,000 square feet of millwork charm and history. In order to effectively and economically rehabilitate such a significant structure the Gronen’s are utilizing a number of financing sources including, but not limited to, state and federal historic tax credits, community development block grant funds (“CDBG”), Iowa Finance Authority Loans, Enterprise Zone Credits, a negotiated local incentive package and local bank lending. Once again, we are honored and proud to work with John and Mary Gronen in structuring the transactions necessary to rehabilitate this fantastic building.
Interstate Building (John and Mary Gronen/Mike Steele/Kevin Timmerman)
We are delighted to have been involved in the historic renovation of this building which is locally known as the Interstate Building. This project, including a financial structure containing local incentives and lenders, converted this former office building into a beautiful, modern structure while maintaining its historic character. The building is now the new home to WS Live (a new and valued member of Dubuque’s commercial business community).
40 Main and 44 Main Street (Miller Development Group)
Street (Miller Development Group) – It was and is a pleasure to work with Patrick Duffy, Jay Freebery and Chris Miller in connection with the acquisition, development and rehabilitation of buildings locally known as 40 and 44 Main Street. These former manufacturing facilities have been historically renovated utilizing, among other things, state and federal historic tax credits, into beautiful loft-style apartments and desirable first floor commercial space. Congratulations to Patrick, Jay and Chris, as well as Chris’s company Miller Development Group, for the successful rehabilitation of these beautiful structures.
Timber Hyrst Estates (North Cascade Road Developers/Marty McNamer)
We are pleased to have worked with Marty McNamer and the other owners of North Cascade Road Developers, LLC in connection with the land acquisition and development of Timber Hyrst Estates, one of Dubuque’s premier residential developments. Mr. McNamer has long been known in the City of Dubuque for his honesty, integrity and propensity to develop high-end residential and commercial developments. This project has converted former hill and timber ground into a prominent Dubuque residential development. We are pleased to have worked with Mr. McNamer and his partners in acquisition of the real estate (which was substantially complicated by the existence of a number of owners and conflicting rights with respect to the property) to development and lot sales.