Financial District Properties, Inc. of Davenport, IA constructed a 20-story high rise on the Mississippi River in Moline, IL. KONE Inc., a manufacturer of elevators and escalators is planning to lease the 4th-10th floor. The building is designed with 10,000 square foot floor plates through the 10th floor and 3,000 square foot floor plates for luxury condos above. The KONE Centre provides
excellent views of the adjacent Mississippi River and Bass Street Landing. The $40 million development will bring retail, office, and market rate housing onto Moline’s riverfront. The tower will be supported with a 500-vehicle multi-story parking structure. KONE Inc., an international elevator and escalator manufacturer, is the tower’s anchor tenant consolidating their Moline Operations in the facility resulting in the retention of 375 KONE employees.
The architectural design includes modern steel and glass with balconies and observation decks on the structure’s exterior. At its base, the accompanying grounds will function as public space for gatherings providing riverfront access. The ground floor includes a restaurant, New York style deli, coffeeshop/internet cafe, and a financial service institution with drive-up conveniences.
The second and third floors will house light-retail and walk-in service businesses. The next nine floors of office space will be occupied by KONE as well as several unreleased commercial firms. The top floors will be built as residential condominiums with
unobstructed views of the Mississippi River. The building and the construction process will feature Leadership in Energy and Environmental Design (LEED) Green Building Rating System™, meeting the demand for energy efficiency in new building construction.
An adjacent structure connected to the tower will house the parking garage for up to 500 tenants and guests, as well as serve a multiple purpose for Bass Street Landing providing public restrooms, concessions or retail sales, and storage. QCREDA and the Illinois Development Authority issued Midwestern Disaster Area Revenue Bonds in the amount of $20,200 for the project. The project was $40,000,000 that created and retained 375 jobs.