ELY, Iowa (KCRG) – An Ely family, along with various developers, is making a $7 million investment in the community that will tie the historic downtown with a bustling bike trail.
“That’s unheard of in the history of Ely,” said Mayor Scott Ladwig.
The Krob family, led by Mark Krob, is creating the condominium/retail complex called the Main Street Legacy that could be open for business in the Spring of 2025.
Plans for the corner of Dows and Main streets have been developed for years, but not realized until ground was broken in July 2024. It’s meant to meet the need of additional retail space downtown and the need for affordable housing thanks to development in Cedar Rapids and southern Linn County.
“Those people are going to need places to live as well and we know, we already have evidence of some of that new staff buying homes in Ely, …