Apartment Project Planned For Central Avenue Location

A developer is planning to construct 30 apartment units in a historic downtown Dubuque structure. Horizon Development Group intends to invest $7 million in the structure at 1301 Central Avenue to create a variety of one-, two- and three-bedroom apartments. The property, which makes up two conjoined buildings both constructed in the late 1800s, most recently was occupied by Heartland Financial until it moved to the Roshek Building. Before that, from 1959 to 2000, it was the home of the Walsh Store, a family-owned department store. According to a report, the project will rely on the approval of state and federal historic tax credits and federal affordable housing tax, which, put together, would cover about 70% of the project’s construction cost.