Those involved with the Tallcorn Towers renovation will hold a groundbreaking ceremony this week.
Wells Fargo and Marshall Economic Impact Committee will host the short ceremony 4:30 p.m. Thursday.
Although Frerichs Construction, out of Minnesota, began work a couple months ago, Cynthia Lee, associate vice president for housing development with CommonBond Communities, the company spearheading the renovation, said the company wanted to wait for warmer weather before holding a ceremony.
T-R PHOTO BY DAVID ALEXANDER
Those spearheading the renovation of the Tallcorn Towers, shown here Monday afternoon, will hold a groundbreaking ceremony 1 p.m. Thursday. The project is still scheduled for completion in January 2014.
"We see it as a really great opportunity to celebrate with the city and all our local contributors," Lee said. "The idea is that we want to kind of recognize and honor the start of construction, development and revitalization."
Lee said the partnerships with local funders have been great.
Symbolic shovels and hard hats will represent the construction effort to renovate the building into low-income housing getting underway, Lee said.
The project is still on schedule for completion in January 2014, but Lee said since the work is done floor-by-floor, it is likely a couple floors will be ready for occupancy in December. There have been no major increases to the project's cost, she added.
"We do have a really good team," Lee said. "So far, everything is clicking along."
Tom Deimerly, president of MEDIC, said MEDIC will continue to work with CommonBond to match a shop owner with the retail commercial space on the lower level.
The groundbreaking is an opportunity for MEDIC to thank CommonBond publicly for its substantial investment in Marshalltown, Deimerly said.
A short informational session will aim to answer the public's questions and bring everyone up to speed on the project's progress, Lee said. CommonBond will hold a grand opening once the building's renovation is complete.