Projects such as renovation of the former Wonder Bread bakery were major elements in Davenport Mayor Bill Gluba's State of the City address on Monday.
Loft apartments and a retail center are planned at the former bakery at 1034 E. River Drive.Local developer Dan Dolan bought the building for $375,000, according to John Ruhl, executive vice president and sales manager of NAI Ruhl and Ruhl Commercial Co.
The three-story, 100,041-square-foot building will take at least a year to remodel, according to Mr. Ruhl. Mr. Dolan could not be reached for comment on Monday.
"In that interim, we will have some temporary space available for warehousing or office space in the building for start-up companies," Mr. Ruhl said. "I'm excited to see the project move ahead."
Ald. Gene Meeker, At-Large, said Mr. Dolan will move his offices to the building's ground floor.
"He's got about three other businesses that are going to locate there," Ald. Meeker said. "He said there will be about 50 to 60 apartments, one-, two-, three-bedroom. It's going to be a sizable number, and he's got the parking around there."
Ald. Meeker said the city will have 1,800 to 2,000 people living downtown in the coming years. During his speech Monday, Mayor Gluba said 1,200 people currently live in Davenport's downtown.
"That's going to be a market in itself, which will draw in other businesses and service," Ald. Meeker said. "We need a drug store downtown. We need a grocery store downtown. These things will come when you build the population base.