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Mixed Use Project Construction Begins on TechWorks Campus

Construction has begun on the hotel on the TechWorks Campus in the Cedar Valley of Iowa.

Construction has begun on the hotel on the TechWorks Campus in the Cedar Valley of Iowa.

$40M hotel, training center, conference space, restaurant construction launch in Tech 2 building

Today, TechWorks Campus, a subsidiary of the Greater Cedar Valley Alliance & Chamber, together with the City of Waterloo, Iowa Economic Development Authority, and Financial District Properties (FDP), celebrated the construction launch of the Courtyard by Marriott Hotel, John Deere Training Center, and restaurant in the Tech 2 building on the TechWorks Campus. The construction launch represents a significant step in the continued progress of developing The Green@TechWorks.

Governor Terry Branstad, Lieutenant Governor Kim Reynolds,  and Iowa Economic Development Authority representatives were present to celebrate the launch and its significance as one of the first designated Iowa Reinvestment Districts (IRD) and one of the first IRD project to get underway.

Tech 2, an 88-year old former John Deere tractor manufacturing building, is being transformed into The Green@TechWorks re-development project. The 180,000 square foot, six-story building will house a 191-room Courtyard by Marriott hotel; a new restaurant operated by Consolidated Restaurant Operations, Inc. (CRO); John Deere Regional Training Center and a conference center (managed by Courtyard). The Green project is a principal feature of the overall TechWorks Campus riverfront re-development.

Also celebrating the launch was hotel operator Hotel Specialists, Inc. (HSI) of Jacksonville, Illinois and restaurant operator Consolidated Restaurant Operations, Inc. (CRO) of Dallas, Texas.

The Green & Overall Project

The Green@TechWorks is part of the larger 33-acre TechWorks Campus. In addition to the Tech 1 and Tech 2 buildings (formerly John Deere Westfield R & C2) the campus includes parcels suitable for light manufacturing and retail. TechWorks Campus is the first technology park of its kind in Iowa to combine world class business amenities within a Brownfield redevelopment site.

The John Deere Waterloo Tractor & Engine Museum is already established in the Campus area, as is the Tech 1 Center for Applied Advanced Manufacturing, including the University of Northern Iowa’s Metal Casting and Additive (3D) Manufacturing Center and a Design Lab in partnership with Hawkeye Community College.

A marina and a riverfront restaurant along the Cedar River are also part of the overall $74.1 million Campus development plan.

“This is a momentous day for TechWorks, the city, and the state of Iowa,” says Cary Darrah, General Manager of TechWorks Campus. “Finally, the public can see the results of years of planning and the efforts of those who believed in the vision for this campus. This is the first of many celebrations to come!”

Downtown Momentum

TechWorks Campus is just steps to the Cedar Valley Recreation Trails, entertainment & museum districts, and a variety of Riverloop District amenities.

Other developments underway in the vicinity include: Grand Crossing mixed use residential/condominiums, Single Speed Brewery with Sidecar Coffee Shop, and Hawkeye Community College Urban Campus.

Construction of the Tech 2 building is now underway, with a projected hotel opening in Spring 2017.

TechWorks Campus is a private non-profit corporation and subsidiary of the Greater Cedar Valley Alliance & Chamber. More information can be found at www.techworkscampus.com or by contacting Cary Darrah, General Manager at cdarrah@cedarvalleyalliance.com, or Wes James Facilities Manager at wjames@cedarvalleyalliance.com, or by calling (319) 232-1156.

Find photos here.

Read more in the Waterloo Cedar Falls Courier.

Development Team Contacts:

The Green@TechWorks – Financial District Properties: Rodney Blackwell 563-324-9898

City of Waterloo: Mayor Quentin Hart 319-291-4301 or

Economic Development Director Noel Anderson 319-291-4366

 

 

Be part of something greater - The Cedar Valley of Iowa

The Greater Cedar Valley Alliance & Chamber is a regional economic community development corporation working to increase economic vitality and wealth in the Waterloo / Cedar Falls area and surrounding economic region. The Alliance & Chamber has approximately 800 members that represents over 40,000 employees