New housing development moving into downtown Sioux City
SIOUX CITY (KTIV) - Williges Lofts is now under construction on the third floor of the historic building at Pierce and 6th Streets.
The Williges building was designed by William Steele in 1930, the same architect who designed the Woodbury County Courthouse.
Back in 2007, the building was slated for demolition to make way for a parking garage, but now it's being transformed for a different purpose.
"The land value of the parking lot would approximately have been $85,000. Now, fully developed, it should be around $2 million," said Bart Connelly from CT&S Builders. "So the tax base that benefits streets, fire department, everything that the city is involved with benefits hugely every year from the property tax."
Even though the Williges Lofts are under construction, one unit has already sold.
The other six are still up for grabs and will be on the market soon
"I think this says a lot about where we are headed as a community, that we take pride in our past and in these buildings, and they represent an opportunity to create a unique living and working spaces," said Marty Dougherty, Sioux City's economic development director. "And that's what's happening here and it continues to happen."
All seven loft units are scheduled for completion in May.
The Williges building is now on the register of Historic Places.
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