A portion of Cedar Rapids city-owned real estate could soon be home to a pair of new buildings.

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Tuesday, June 27, the Cedar Rapids City Council will consider a development proposal on the city's southeast side. The property is just a short distance from a floodgate that was completed in 2020.

In March of 2023, the City of Cedar Rapids put out a request for proposals on land at 116 16th Ave SE (area in red on the map below). Four proposals were received and a Review Panel studied each. In the end, they recommended a proposal from High Properties, a company based in Cedar Rapids.

City of Cedar Rapids
City of Cedar Rapids
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High Properties proposal calls for two buildings to be constructed on the property at a total cost of more than $23.7 million. One of the structures would be a six-story residential building that faces the Cedar River. It would have 63 units.

The below photos are of the 6-story building. This view is from the 16th Avenue Bridge.

High Properties/City of Cedar Rapids
High Properties/City of Cedar Rapids
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This shows what it would look like from the levee on the west side.

High Properties/City of Cedar Rapids
High Properties/City of Cedar Rapids
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The second building would be a 4-story mixed-use that would face 2nd Street. It would have 22 units and over 1,400 square feet of commercial space.

High Properties/City of Cedar Rapids
High Properties/City of Cedar Rapids
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This view shows the close proximity of the buildings.

High Properties/City of Cedar Rapids
High Properties/City of Cedar Rapids
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Below is an overhead look and an image of the garden terrace proposed between the buildings.

High Properties/City of Cedar Rapids
High Properties/City of Cedar Rapids
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If the Cedar Rapids City Council approves the proposal, a project term sheet will be presented to the council at a future date.

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