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Thursday, April 4, 2013

Two business expansions in Montezuma

PRESS RELEASE - April 4, 2013

Montezuma Community Development Corporation is pleased to announce the successful negotiation of two business expansions on the east side of Montezuma’s historic square.  In December 2012, Montezuma Community Development purchased approximately 6000 square feet of prime retail space for future mixed-use development.  

The first phase of the development project will be completed with two professional office expansions.  Family Dentistry of Grinnell will begin construction immediately on approximately 2500 square feet of space located at 103 South 4th Street.  The full-service satellite clinic will initially be open three days a week and is expected to be in operation by June 2013.  

Mahaffey Law Office at 107 South 4th Street will also be taking on a 1200 square foot office expansion as an annex to their current space.  The law office is expecting to grow in the near future and plans to accommodate for additional staff and meeting space.

Montezuma Community Development continues to plan for the remaining portion of the building which housed the former Apple Basket Restaurant and Grill.  The organization is currently accepting business proposals to lease the space for restaurant or retail use.  Prospective plans should include a business narrative, 2-3 years of cash flow projections, and available cash or secured financing for start-up.  
Dr. David Smith of Family Dentistry
with MCD Director Derek Bates and
Board President Aaron McCaslen. 

To find out more information or to request a tour of the building, please contact the Montezuma Community Development office at 641-623-7600.

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