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MASON CITY, Iowa – Mason City mayor Bill Schickel is calling a $10M, four-story apartment complex that is being proposed for downtown Mason City “one of the first major spinoffs” of the River City Renaissance Project.
Schickel announced Monday that Talon Development, of Sioux Falls, South Dakota, is proposing the project that would bring a four-story, 113-unit apartment complex to downtown, with rent at market rates.
Schickel said it would be located in the overflow parking lot south of Southbridge Mall.
He adds that it would be a great asset to the area, especially to a riverfront that is underutilized.
"Housing is a priority to the city council. In particularly, downtown housing. There's a renewed interest in this kind of thing. These will be quality apartments right in a prime location right on the riverfront, right next to a re-energized mall, and we think it will be advantageous to Mason City.
"If this goes through, yes it would use some of it [parking]. But that is a highly underutilized overflow parking, and we feel we can make some other parking arrangements."
The city council is expected to set a public hearing date during Tuesday’s council meeting. Schickel is hoping that groundbreaking could begin this summer.