WATERLOO — A developer is pushing his funding to $1 million on a previously rundown block of Black Hawk Road.
Waterloo Metropolis Council members voted unanimously Monday to approve a growth settlement with three Little Lambs LLC to assemble a brand new industrial constructing on the street’s 1800 block close to the 18th Road Bridge.
Jon Brundrett, a Waterloo firefighter and supervisor of three Little Lambs, stated the deal will add a fourth constructing to the three he’s already constructed there.
“Black Hawk Road has been a ardour of mine I’d say for the final 5 years,” Brundrett stated. “We’re inside the subsequent 18 months in all probability to take a position proper a $1 million on Black Hawk Road, on a road that I believe actually wanted assist, wanted the love with these infill initiatives.”
He stated his mission has already introduced 4 small companies to the realm that had been beforehand situated out of city.
The town acquired a blighted home at 1809 Black Hawk St. subsequent to Brundrett’s current buildings by way of a court docket order and plans to demolish it.
The event settlement permitted by council members will donate the lot to three Little Lambs for $1 so long as Brundrett agrees to place up a brand new constructing with at the least 2,500 sq. ft with a minimal assessed worth of $125,000.