Spaulding Lofts

827 Spring Stree, Grinnell, IA

Built in the 1870s, the historic renovation of the Spaulding Manufacturing Company building was completed at the end of 2016 with the opening of Spaulding Lofts. Due to its age and condition, the project required various structural engineering updates. Now home to 77 loft apartment units, Spaulding Lofts remains a beacon in the small town it has called home for nearly 150 years.

Services Offered

  • Development
  • General Contracting

Amenities

  • 24-Hour Fitness Center
  • Business Center
  • Community Room

Apartment Specs

  • One-Bedroom (626-881 SF)
  • Two-Bedroom (801-1,326 SF)

Capital Stack

  • Bank Debt
  • Low Income Housing Tax Credit
  • Federal Historic Tax Credit State
  • Historic Tax Credit
  • Tax Abatement

  • Historic Rehab, Multifamily
  • 77 Apartments
  • $12.5 Million
  • February 2017