Nebraska developer buys downtown Sioux City buildings
Oct. 22, 2017
SIOUX CITY, Iowa (AP) — A Nebraska real estate development firm has announced redevelop plans for three historic buildings in downtown Sioux City in northwest Iowa.
Sioux City television station KTIV reports that J. Development of Omaha, Nebraska, purchased the Commerce Building, the former Hatch Furniture Building, and the former St. Luke's/Methodist hospital building.
The developer says it plans to convert the buildings into mixed-use and market-rate residential facilities.
On Friday, Sioux City leaders announced the developer has been awarded $1.5 million by the Iowa Brownfield/Grayfield Program for the redevelopment of the Commerce Building and St. Luke/Methodist Building.
Investment for the projects is expected to be $34 million.
Information from: KTIV-TV, http://www.ktiv.com