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Fulton Lofts project breaks ground in Cedar Rapids’ NewBo district
$10 million project to expand housing, commercial options in rapidly-growing neighborhood
Developer Chad Pelley (right) speaks at the groundbreaking for the Fulton Lofts development in the NewBo district in Cedar Rapids as (from left) city manager Jeff Pomeranz, NewBo district board chair Jeff Morrow and IEDA director Debi Durham look on. CREDIT RICHARD PRATT
Business and government leaders gathered Wednesday morning to break ground on Fulton Lofts in Cedar Rapids, which is set to become the latest chapter in an ongoing story of housing and economic development in the thriving NewBo district.
The $10 million, four-story project is being developed by Mount Vernon-based LTRI LLC, and will be built on a swath of land from 1218 to 1310 Third St. SE, just southeast of…
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