Bedrock
Development agreement

1050 Evergreen Avenue, 520-522 Archer Avenue, 1228 Columbia Street, and parcels near 613 Randall Street, Waterloo, IA

On municipal recordWaterloo, IA
4/ 5
High impact
Bedrock impact score
Action type
Development agreement
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-07-20
Jurisdiction
Waterloo, IA
Days on record
12 days
Aerial view of 1050 Evergreen Avenue, 520-522 Archer Avenue, 1228 Columbia Street, and parcels near 613 Randall Street, Waterloo, IAApprox — jurisdiction center
Aerial — close view · EsriInteractive map ↓
Street View ↗
01Investment highlights

Why this deal matters

  • Development agreement in Waterloo, IA · Multifamily / Residential
  • Bedrock impact score 4 of 5 — High impact
  • A land swap with a Development Agreement attached signals the city is actively packaging distressed/vacant parcels for redevelopment
  • August 3 hearing is the last actionable window to influence terms or identify competing opportunities in these corridors.
  • On the municipal record 12 days (filed 2026-07-20)
02Deal summary

The rationale

A land swap with a Development Agreement attached signals the city is actively packaging distressed/vacant parcels for redevelopment — August 3 hearing is the last actionable window to influence terms or identify competing opportunities in these corridors.

Waterloo City Council sets a public hearing for August 3, 2026, to approve the sale of three city-owned parcels (1050 Evergreen Ave, 520-522 Archer Ave, 1228 Columbia St) to Rock Star Real Estate, LLC for $45,000 under a Development Agreement, while simultaneously acquiring three Randall Street parcels from Rock Star Real Estate, LLC for $37,500.

03Deal facts

The filing record

Jurisdiction
Waterloo, IA
Action type
Development agreement
Asset class
Multifamily / Residential
Applicant
Rock Star Real Estate, LLC
Status
On municipal record
Filed
2026-07-20
Days on record
12 days
04Location

Where this sits

Approximate — centered on the jurisdiction (no exact street address on file).Esri World Imagery
1050 Evergreen Avenue, 520-522 Archer Avenue, 1228 Columbia Street, and parcels near 613 Randall Street, Waterloo, IA
42.49230, -92.35190 · approximate (jurisdiction center)
Street view

At street level

Street view of 1050 Evergreen Avenue, 520-522 Archer Avenue, 1228 Columbia Street, and parcels near 613 Randall Street, Waterloo, IA
Google Street View · nearest outdoor imagery
Area demographics

Black Hawk County

131,813
Population
$54,774
Median HH income
53,321
Households
$664
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
8 Schools
20 Dining
2 Grocery
6 Banks
14 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-07-20
    12 days on record
  2. Scored by Bedrock
    Relevance 4 / 5
    Automated land-use signal
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