Rock Valley, Iowa — The City of Rock Valley and the Rock Valley Economic Development Corporation are announcing a groundbreaking ceremony for a new multi-Family Housing Development next Wednesday at noon. Rock Valley Development Director David Miller says it’ll be called “East Meadows,” and will be marketable to developers who want to build apartment buildings.
He says Rock Valley has experienced sustained success in its business and industry growth as well as numerous expansions, which has led to a shortage in available workforce over the years. Rock Valley’s unemployment rate is substantially low at only 3.2% as of June 2014.
One of the goals of this project is to attract families to Rock Valley to live and work, he says. The new multi-family development is expected to meet the high demand for rental properties in Rock Valley and Sioux County.
Miller says the Rock Valley Economic Development Corporation or RVEDC is glad they could work with the City of Rock Valley and come up with a solution in this time of growth.
He says East Meadows Multi-Family Development Phase 1 will consist of 18 multi-family lots and is expected to be marketable to apartment developers in October 2015. The City of Rock Valley and RVEDC expect to see apartment construction begin prior to the end of the year.
If your browser or device cannot access the audio players above, here are the direct links to the audio sound bytes: