IOWA CITY, IA—CA Ventures and Janko Hospitality topped off the Hyatt Place Iowa City, located in one of two towers that comprise the venture’s Rise at Riverfront Crossings development in the city’s downtown area.
Located at the corner of Court and Linn St., Rise at Riverfront Crossings is a 575,000-sq.-ft. 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, it the first and only development of its kind in downtown Iowa City, according to the company.
“Iowa City and Riverfront Crossings in particular are thriving, and we knew we could apply our strength in urban mixed-use development to meet the need for amenity-rich rental housing and lodging in the downtown area,” said J.J. Smith, principal of CA Ventures. “The development’s proximity to the University of Iowa campus will make it appealing to students and visitors alike, while the office and retail space will further raise the profile of the Riverfront Crossings neighborhood.”
Rise at Riverfront Crossings marks the third time CA Ventures has developed a Hyatt Place hotel, with previous projects in Champaign and Normal, IL. 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-in. high-definition televisions. On-site amenities 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.