Jackson Furniture buildings put up for sale


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Posted Online: Dec. 08, 2012, 8:38 pm
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By Anthony Watt, awatt@qconline.com
The developer who bought a block of downtown East Moline properties about a year ago has put them up for sale.

In July 2011, Keith Curry, president of Ken Curry Construction, bought the Jackson Furniture buildings at 1515, 1521 and 1523 7th St. from the city for $1 and said at the time he expected to spend about $200,000 upgrading the property, including putting in a parking lot.

Mr. Curry has put in the parking lot and demolished a pair of two-story buildings, which had a common wall, on the site but left a one-story building that once housed a pharmacy with the intention of renovating it, though he said at the time he might "dress up the outside" and wait until he found a tenant before renovating the inside.

On Thursday, Mr. Curry said his initial intention was to rent the property to someone, and that still could happen, but he recently decided to offer it for sale as well.

Mr. Curry said he also is building a $3 million, 22-unit subdivision in the city at Kennedy Drive and Avenue of the Cities, and that subdivision has pushed the downtown project to the back burner. He also expressed concern about being able to make a profit on the Jackson Furniture site.

"I've got quite a bit of money in that property," he said.

He said that includes about $80,000 invested so far into the remaining building.

The interior of the building has been gutted, and the remodeling will either be done by himself or by the new tenant/owner, Mr. Curry said.

He said he has ordered new siding for the exterior.

He said he's had some people call that were interested in it, though he would not provide identifying information about the people.

He did say he was hoping to get a restaurant to move into the building.

East Moline Mayor John Thodos said Friday he was not concerned the Jackson Furniture property has not yet been developed further -- the Currys have a good track record with development and property rehabilitation in the downtown and elsewhere in the city.

"The Currys have been very good for this city," Mayor Thodos said.

He said development often takes time -- more, sometimes, than those involved would like.

Community Health Care put a new clinic downtown, not far from the Jackson Furniture site, but has not yet been able to treat patients there because it still is awaiting state and federal clearance to process Medicare and Medicaid claims.

Had the new clinic been able to treat patients as planned, the traffic generated probably would have helped Mr. Curry develop the property faster, the mayor said.

Whether the building is rented or sold, the mayor said he just wants to see it contribute to the city.

"I just want to see a productive building," he said.

















 



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  Today is Thursday, July 31, the 212th day of 2014. There are 153 days left in the year.

1864 -- 150 years ago: A corps of surgeons now occupies the new hospital quarters at the Garrison Hospital on the Rock Island Arsenal. A fence has been installed to enclose the prison hospital.
1889 -- 125 years ago: B. Winter has let a contract to Christ Schreiner for a two story brick building with a double store front on the south side of 3rd Avenue just west of 17th Street. The estimated cost was $4,500.
1914 -- 100 years ago: Germany sent simultaneous ultimatums to Russia and France, demanding that Russia suspend mobilization within 12 hours and demanding that France inform Germany within 18 hours. In the case of war between Germany and Russia, France would remain neutral.
1939 -- 75 years ago: Civil service offices at the post office and the Rock Island Arsenal were swamped as more than 700 youths sought 15 machinist apprenticeships at the Arsenal.
1964 -- 50 years ago: Last night, American Legion Post 246 in Moline figuratively handed over the trousers to a female ex-Marine and petticoat rule began. Olga Swanson, of Moline, was installed as the first woman commander of the post .
1989 -- 25 years ago: The Illinois Quad City Civic Center captured the excitement and interest of a convention of auditorium managers this weekend in Reno, Nev. Bill Adams, civic center authority chairman, said the 10,000-seat arena planned for downtown Moline has caught the eye of construction firms, suppliers, management teams and concession groups.








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