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Conversion of Former Aspire Nursing Home into Apartments

Sector: Hospital • Location: Lake Park, Iowa, United States

Source: KTIV

Project
Planned

Axis, a real estate management firm based in Orange City, plans to renovate the former Aspire Nursing Home building in Lake Park, Iowa, converting it into a market-rate apartment complex with 16 to 20 units, including one, two, and three-bedroom apartments. The project includes rezoning the property from single-family residential to multi-family residential and has received a 10-year 100 percent t

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The project “Conversion of Former Aspire Nursing Home into Apartments” is an infrastructure initiative in the Hospital sector, located in Lake Park, Iowa, United States. Taiyo aggregates data on it from KTIV.

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Participants

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Status

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planned

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Description

Description

Axis, a real estate management firm based in Orange City, plans to renovate the former Aspire Nursing Home building in Lake Park, Iowa, converting it into a market-rate apartment complex with 16 to 20 units, including one, two, and three-bedroom apartments. The project includes rezoning the property from single-family residential to multi-family residential and has received a 10-year 100 percent tax abatement from the Lake Park City Council. Construction is planned to begin in spring 2027 pending approval of tax credits.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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