Stellans LLC 30-Unit Apartment Complex
Sector: Road • Location: Spencer, Iowa, United States
Source: Spencer Reporter
A 30-unit apartment complex on the south side of the municipal golf course along 25th Street Southwest in Spencer. The project targets one-bedroom units with rents around $950 and two-bedroom units between $1,100 and $1,300. The developer requests the city to provide land valued at $225,000, a 10-year tax abatement estimated at $400,000, and city responsibility for paving the road and extending ut
- Status
- Prospective
- Sector
- Road, Residential, Government
- Location
- Spencer, Iowa, United States of America
- Updated
- 22 Jul 2026
- Source
- Spencer Reporter
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A 30-unit apartment complex on the south side of the municipal golf course along 25th Street Southwest in Spencer. The project targets one-bedroom units with rents around $950 and two-bedroom units between $1,100 and $1,300. The developer requests the city to provide land valued at $225,000, a 10-year tax abatement estimated at $400,000, and city responsibility for paving the road and extending utilities costing between $600,000 and $1.2 million. |
Original sector | Built Sector |
Budget |
Location
Country | United States of America (USA) |
State | Iowa |
City | Spencer |
Source
Source | Spencer Reporter |
URL |
More Details
Record type | Project |
Sector | Road, Residential, Government |
Article published date | 2025-09-16 |
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