CA Ventures and Janko Hospitality on Dec. 5 celebrated the topping-off of the Hyatt Place Iowa City, Iowa.
The hotel is located in one of two towers that comprise the venture’s RISE at Riverfront Crossings development in downtown Iowa City. Located at the southwest corner of Court and Linn streets, RISE at Riverfront Crossings is a 575,000-square-foot mixed-use development that will include a 332-unit apartment tower connected to a second tower that will house the 151-room hotel, as well as street-level retail and office space.
Scheduled for completion in August of 2018, it the first and only development of its kind in downtown Iowa City.
RISE at Riverfront Crossings marks the third time CA Ventures has developed a Hyatt Place hotel, with previous projects in Champaign and Normal, Illinois. The Iowa City hotel, which will be managed by Janko Hospitality, will offer modern guest suites with separate living and sleeping areas, a large desk, oversized sleeper sofa and 42-inch high-definition televisions. On-site amenities available to hotel guests include an indoor pool, fitness center, business center, several meeting rooms, a bar/café with dining area and multiple lounges. The project also includes underground parking.
The development is a short walk from Iowa City’s Pedestrian Mall and business district, home to more than 40 restaurants and sidewalk cafés, more than 70 locally owned shops, nearly 100 service businesses and dozens of organized activities from outdoor yoga and block parties to farmers markets and chef-driven events. In addition, the Old Capitol building and Pentacrest, the heart of the University of Iowa campus, are just a half-mile away from the property.
In addition to the hotel, the 15-story tower will include 25,000 square feet of office space, located on the third and fourth floors, as well as 6,000 square feet of street-level retail offering tenants double-height ceilings and frontage along Court and Linn streets. Capable of accommodating users requiring between 2,000 and 20,000 square feet, the office space will expand options for Iowa City businesses in a market where only 20 percent of the existing office stock is considered Class-A.
In addition to the mixed-use tower, which broke ground in September 2016, RISE at Riverfront Crossings will include a second tower with 332 fully furnished apartments. Also scheduled to open in August 2018, the residential tower will include 71 private studios as well as 54 one-bedroom/one-bath, 161 two-bedroom/two-bath and 46 three-bedroom/three-bath suites. Indoor amenities – separate from those offered to hotel guests – include a fitness center/yoga studio, club lounge, Gameday Room/theater, business center and study lounge. A 10,000-square-foot rooftop deck includes an outdoor pool, Jumbotron with viewing area, grilling stations and communal gathering areas.