• Developer/Project Proponent: Renew Moline
• Renew Moline Role: Due diligence (housing market analysis, environmental assessments), securing development partner, overseeing design review and redevelopment agreement, negotiations, interim property management, facilitating community partnerships, and advancing the creation of a new TIF district to support redevelopment and long-term reinvestment in the area.
• Status: Renew Moline sold this property in May of 2024 meeting full obligation to the donor and setting the project in motion for new owners, Bush Construction. 
• Completion Date: Ongoing

Project Background

In July 2022, Renew Moline accepted a generous donation of the former JCPenney building from the Riverstone Group, with the specific goal of catalyzing positive change along the eastern portion of 5th Avenue in downtown Moline. The vision has always been to transform this vacant asset into a vibrant, mixed-use space that supports downtown living, commerce, and community activity.

This project remains an important part of Renew Moline’s broader efforts to strengthen downtown housing options and foster inclusive, sustainable development that benefits residents and businesses alike.