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Report: Spiegel To Sell Bellevue Properties

Developer A.J. Spiegel has reportedly sold several of his riverfront properties in Bellevue, including a restaurant that’s been closed for over a year. The sale of the Baymont Hotel, the RV campgrounds, the Events Centre and the Off-Shore Restaurant are pending. The new owners are the same group of investors who own and operate the Dubuque Marina and Coconut Grove Resort in Wisconsin. Dave Heiar, Senior Advisory at Jackson County Economic Alliance says while he hasn’t spoken directly with Spiegel, they were aware that the properties had been sold. Heiar says he would be happy to talk with the new owners, should the sale actually proceed, about what other projects they may have in mind for the riverfront property. Spiegel, creator of MTM Corporation in Peosta, has invested more than 18 million in Bellevue projects over the past 20 years, which includes condominiums on North Riverview. There’s a little bit more paperwork to complete before the sale of the properties is final.

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