Transformation of downtown buildings from commercial to residential took place with increased frequency throughout the Quad-Cities in 2013.
In Davenport, interior work and the abatement process began on the historic Union Arcade building at 3rd and Brady streets. Area developer Rodney Blackwell plans to convert the eight-story building into residential housing with 67 market-rate apartments and some retail. Blackwell paid $1.65 million for the building at 3rd and Brady streets.
Nearby, Blackwell's Financial District Properties company completed renovation of the Wells Fargo building. Market-rate apartments were created on the fifth, ninth, 10th and 11th floors. The remainder of the former Davenport Bank building continues to be office space with the majority of the existing tenants remaining. Construction began in February and was finished in the fall. More.
*Courtsey of QC Times