Midwest builder and real estate firm Skogman Companies on June 14 broke ground on a new headquarters at a key gateway to downtown Cedar Rapids, Iowa.
The company’s new headquarters will be on the corner of First Avenue and Fifth Street SE, 10 years after the flood of 2008 hit this area.
“Breaking ground on this $11-million capital investment represents not only Skogman’s commitment to downtown Cedar Rapids but our optimism for the thriving core district it has become just 10 years after the Flood of 2008’s devastation,” said Chris Skogman, president of Skogman Realty.
The building will include a third-floor location for yet-to-be-named office tenants. The development team for the 41,000-square-foot structure includes OPN Architects and Mortenson.
“We are delighted to join with Skogman as the design-build contractor on this signature new landmark building for Cedar Rapids,” said Randy Clarahan of Mortenson. “We are excited that this structure will link the history of the city to the future growth and development of region through Skogman, its clients and partners.”
Skogman Companies is a fifth-generation family business with annual net sales exceeding $80 million.