CEDAR FALLS – They’re rooms with a view — and how.
Eagle View Partners, developers of the $43 million River Place residential-commercial project in downtown Cedar Falls, has completed the newest element of that project, 250 State St., and will show off the building at an open house from 5 to 7 p.m. Thursday.
The 250 State building on the Cedar River features 42 one-, two- and three-bedroom apartments that can be rented or purchased as condos. They have picturesque views of the river and downtown.
Only 10 units are left, said Audrey Dodd, vice president of residential development for Eagle View partners and daughter of River Place developer Mark Kittrell.
“We’re really trying to build something new with every building,” Dodd said. “This building really focuses on larger floor plans, which are attractive to homeowners who are downsizing but really don’t want to downsize too much. They have just a little bit extra space in the units, they’ve got our highest end finishes and beautiful glass balconies that look out toward the river.”
Rents start at $1,250 for a one-bedroom unit; $1,450 to $1,990 for a two bedroom; three bedroom units start at $2,250.
It is the first property offering condos.
The building features common areas residents can use for family gatherings and special events. It also has short-term furnished rentals for residents with guests or temporary business stays. There is a main lobby with coffee service, indoor/outdoor dining room and theater room, fitness center and a heated parking garage.
One of 250 State’s initial residents is Danny Laudick, director of the Mill Race co-working space for entrepreneurs at the 200 State building within the River Place complex. He can work, work out and socialize without getting in his car.
“We really like it. It’s just time savings,” Laudick said.” I can just do all this in downtown,” he said.
Thursday’s open house will showcase residential lofts/condos, new amenity spaces and art displays by faculty and staff of the University of Northern Iowa’s art department.
The grand opening of 250 State marks the completion of the third of four properties in the River Place master plan. Eagle View Partners’ fourth property, 100 E. Second St., a multi-story residential-commercial building and public plaza, is anticipated to break ground in spring 2018 and take about a year to complete, Dodd said. When it is finished, the entire River Place will bring 200 new residents to downtown in 120 units.
River Place also has buildings at 200 and 300 State St.
“We’re trying to raise the bar. It’s all about keeping everything in the neighborhood,” Dodd said. “We want to make it so easy for them to feel like they can live here, work here, play here.”