The reinvestment district also helps to expand academic programming in DMACC and provide improvements to downtown Newton. The reinvestment district will provide $14 million in hotel-motel tax rebates over a 20-year period to a number of projects in the district, not just the Christensen Development project. Earlier this year, the county agreed to assist with financing of the project through the Iowa Reinvestment District Act. “It wasn’t until DMACC took ownership of these buildings during the latter part of 2016 that we began to see a vision for this campus.”īrandon Talsma, chair of the Jasper County Board of Supervisors, praised the collaborative project, saying the county is pleased to assist with the funding of such an important project for Jasper County. “Having worked with the three previous owners of the former Maytag Corporate Campus, I’ve seen how difficult it’s been to fill the space,” Liebl said. 1 At the time of its nomination it contained 39 resources, which included seven contributing buildings. It was listed as a historic district on the National Register of Historic Places in 2010. Fred Maytag Park is a public park located in Newton, Iowa, United States. Having Christensen Development purchase and develop the buildings, he added, is an economic boost to the city. / 41.688556N 93.05556W / 41.688556 -93.05556.

The public-private partnership required to make this project move forward has turned an underutilized corporate headquarters into a new, vibrant public space, with Legacy Plaza becoming a destination attraction.įrank Liebl, executive director of Newton Development Corporation, said the project would help fill a need for more housing and hospitality lodging in the Newton community. Rob Denson, president of DMACC, said the vision for Legacy Plaza is becoming a reality. Harrington’s hotels are the only women-owned hotels in Iowa. When construction is completed, the hotel and market-rate apartments will be managed by Angela Harrington, president and CEO of Catalyst Development and owner of Hotel Grinnell in Grinnell and Highlander Hotel in Iowa. Maytag Buildings 1, 2, 16 and 50 are included in the Christensen Development project. Construction is scheduled to begin later this summer, and it is to be completed about one year later. The sale - a joint effort among DMACC, Christensen Development, Jasper County, City of Newton, Newton Development Corporation and JEDCO - was announced May 22 in a press release. The project is estimated to cost $35 million. DMACC has sold almost four acres of the Legacy Plaza campus in Newton to Christensen Development, which has proposed to renovate a number of historic Maytag headquarters buildings into a 58-room hotel and a 70-unit, market-rate apartment community.

Newton iowa maytag