Original building was built in the 1870s, historic rehabilitation will bring 77 units to Grinnell
Rachael Kinnick, Grinnell Area Chamber of Commerce Director; Grinnell Mayor Gordon Canfield; Dave Jamison, Executive Director of the Iowa Finance Authority; Steve Niebuhr, Senior Vice President, Hubbell Realty Company; Jim O’Hare, Horizon Bank Executive Vice President; Kris Saddoris, Vice President of Development, Hubbell Realty Company; and Rick Tollakson, President and CEO of Hubbell Realty Company, sign a photo commemorating the start of the historic rehabilitation of Spaulding Lofts.
This is the first historic rehabilitation for Hubbell to begin outside of Des Moines. Tollakson points out that the support of investors and lenders is an important element of moving a project like Spaulding Lofts forward. “It is only through programs like the Iowa Finance Authority’s affordable housing program, and the Department of Cultural Affair’s federal and state historic rehabilitation program, that we are able to maintain a part of our state’s history and bring new housing amenities to the area,” he said.
Spaulding Lofts is being built by Hubbell Construction Services, and initial units will be available in late spring 2016. Spaulding Lofts is located between Third Avenue and Fourth Avenue along Pearl Street and Spring Street in Grinnell.
About Hubbell Construction Services
Hubbell Construction Services, part of Hubbell Realty Company, offers integrated construction and development services. Hubbell Construction Services is located at 6900 Westown Parkway in West Des Moines. For more information, call (515) 243-3228, or visit www.hubbellconstruction.com.