$8.9 million housing complex hits snag
Contaminants left over from a dry cleaning business and gas station — both of which closed decades ago — are holding up groundbreaking on a 50-unit $8.9-million affordable housing complex planned for downtown.
An October construction start date was initially proposed on the project.
The Iowa Department of Natural Resources in Des Moines is preparing a detailed report to instruct developer Richard Sova, doing business as Landover Corp. of Lake Barrington, Ill., on how to rid one site of contaminants from an old gas station, Sova said Friday.
“We hope to get the report soon,” he said. “We have been expecting it. We know what is there (in the ground), it is a matter of having our consultant come up with a plan to remediate it acceptable to IDNR.”
A four-story apartment building containing 45-income restricted units and five market-rate units with parking will require four lots.
One of the lots formerly housed the Marshalltown Senior Citizen Center at 20 E. State St. and another at 12 E. State — a city parking lot — was purchased by Landover Corp. from the city for $10,000 earlier this year.
“A gas station was on the corner 50 or 60 years ago,” Sova said. “The other end of the site — the city parking lot — had a dry cleaning business to the west of it. The city is working with IDNR to develop a clean-up plan.”
Landover’s project was one of 12 in Iowa receiving federal housing tax credits this year to advance affordable housing, according to the Iowa Housing Finance Authority.
For more information, contact Landover Corp. at 847-550-8500, o firstname.lastname@example.org, or visit Landovercorp.com.