Wednesday, August 12 | Submitted by Downtown Springfield | Downtown Central
That changed for the iconic building with a symbolic ribbon cutting Tuesday, August 11. Approximately 250 people joined the celebration as the building officially opened as Heer’s Luxury Living. At 138 Park Central Square, the grand opening announced was announced; home to 80 units of luxury rental housing and 18,000 square feet of commercial space.
There were comments from local and state officials, regarding the building’s importance to the continued revitalization of downtown. Additionally, the ground-floor tenant was announced, Fortune 16-listed IntrinsiQ Specialty Solutions.
Per city release:
After sitting vacant for nearly 20 years and changing hands several times, Dalmark Development Group, LLC took ownership of the former Heer’s Department Store building in April 2013. Dalmark Development Group, LLC then announced their plans to convert the southwest Missouri landmark into luxury rental housing and commercial space.
The financing for the building’s rehabilitation was achieved with private equity, a small business development loan from the City of Springfield, and construction loans. The project also qualified for state and federal historic preservation tax incentives, as Heer’s was placed on the National Register of Historic Places in 2002.
Heer’s Luxury Living, LLC provides one and two-bedroom apartment units ranging from 620 square feet to 1,605 square feet, with leases starting at $690 per month. Residents will enjoy an onsite fitness center, theater entertainment room, clubhouse lounge with rooftop deck, and the convenience of downtown Springfield dining and entertainment.
“Today, we celebrate what many thought was impossible – the rehabilitation and rebirth of the iconic Heer’s building,” explained Mary Lilly Smith, City of Springfield Director of Planning & Development. “Heer’s is an iconic building for Springfield, and it’s certainly a milestone to have the building restored to its former glory.”