S. Mathilda, W Olive, S Taaffe, W Iowa
Other Location Info
The project site consists of two parcels containing a commercial building and a two-story office building. The existing commercial building at the corner of Mathilda and Olive was constructed in 1976 as an office building, used as a financial institution and since 2007 as a retail store; it is approximately 7,201 square feet in size. The two-story office building on Olive was constructed in 1961 and provides multi-tenant small office spaces; it is 13,543 square feet. Together, the two buildings total 20,744 square feet. There have only been minor permits issued for either site and/or building maintenance. There is minimal existing landscaping on either property; mature trees are located on the Olive (south) side of the older building. The parcels are located in Block 13 of the DSP and the two parcels are designated with a total of 47,660 square feet of office and 5,683 square feet of commercial space. The DSP was amended in August of 2020 which included changes that allowed proposed development to exceed the designated square footages through Community Benefits and a Development Agreement
The approximately 1.3-acre project site is located within the Block 13 area of the larger 125-acre Downtown Specific Plan area. The project proposes to demolish the existing 13,543-square foot office building and 6,212-square foot commercial building on-site and construct an approximately 127,886 square-foot, four-story office building over two levels of below ground parking. The project also includes a rooftop terrace, removal of 23 existing trees, new landscaping including 23 new trees, public
right-of-way and utility improvements, and a lot-tie agreement. The project includes a Development Agreement where the developer will contribute to a community benefit fund and adopting Ordinance.