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New Elevate condos take Iowa City-Coralville living to new heights

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The first of three high amenity Elevate condominium buildings will open for move-in in spring of 2022.

The $50 million development is surrounded by 20 acres of trees, trails, a pond, and a private dock while sitting atop of a hill in Coralville.

“When we first saw the land we knew it had amazing possibilities,” said Mike Bails, one of the key partners in the development. “It’s a premier location that will transform the Coralville skyline and the Corridor living experience. Everywhere you turn there are breathtaking views. It’s going to be extremely attractive to people looking for a high-rise lifestyle in an established neighborhood.”

The development is located at 4 Russell Slade in Coralville through the partnerships of Grand Rail, The Bails Team at Urban Acres Real Estate, and Brotherton Investments.

The first building, which is currently under construction, will feature 50 condos that can be purchased or leased. Two more buildings will be completed in the next three to four years bringing the total number of condos to 180.

”It’s for professionals who commute, remote workers who want a walkable and bikeable life, or those who enjoy being close to the golf course and having direct access to natural surroundings in their backyard,” said Jake Evans, CFO at Grand Rail.

Some amentities will include:

Grab-and-go fresh market with coffee and beverages

Fire pits on the dock,

Coworking spaces

A golf simulator

A private dog park for the pet friendly building

Event and gathering spaces

Drive under parking

Private balcony or patio

“A number of us on the city staff have been working closely with Mike and his team as they moved Elevate from concept to construction,” said Kelly Hayworth, Coralville city administrator. “The location is convenient to the Interstate and Iowa River Landing; the site includes mature trees, a pond, and outstanding views. And the amenities of a dock, walking trails, fitness room, and more, combine to make this an outstanding place to live and play.”

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