Hunter
01/27/25
An area developer is reportedly interested in bringing a mix of residential and business opportunities to the ACT property on the city’s north side.
The Gazette reports Iceberg Development Group of Bettendorf has been talking with ACT since May 2024 about buying 48.6 acres of the campus south of Interstate 80 and east of North Dodge Street.
Though that deal still is being finalized, the Iowa City Council last week unanimously agreed to rezone the property for mixed use — retail and offices — and residential development.
A representative for Iceberg has previously indicated their desire to convert the existing ACT office buildings into senior housing, and developing an additional 300 acres of the campus. The representative, Steve Long, told the City Council that they will work with city staff to develop a comprehensive plan for the property that fits the goals of the city.
The ACT land has multiple parcels, the largest of which is valued by the Assessor’s Office at $15 million.