The list of properties owned by businesses tied to Andrew Wold continues to shrink in 2024, one year after the partial collapse of a building he owned in downtown Davenport.
Wold, whose Davenport Hotel LLC owns the property at 324 Main St., has other limited liability companies and cooperatives that own numerous properties in Davenport.
The apartment building known as The Davenport, which had been at 324 Main St., collapsed on May 28, 2023, claiming the lives of three men, severely injuring a woman and displacing dozens of residents.
The collapse has resulted in civil action against a number of people and entities, including Wold and two of his companies: Davenport Hotel LLC and Andrew Wold Investments LLC, according to court records.
2200 E. 11th Street in the East Village is for sale. It is among the buildings still owned by Andrew Wold’s businesses.
In December of 2023, there were at least eight businesses associated with Wold that owned 27 properties in Davenport, including 324 Main St. Most of these properties were residential, with the others being commercial space, mixed use or parking lots.
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Andrew Wold Investments LLC owned 15 of those properties, and Davenport Hotel LLC owned five others, including 324 Main St. The other limited liability companies and cooperatives each held one or two properties.
Before the collapse, the 2023 assessed value of the 324 Main property was more than $6.1 million, records show. The total 2023 assessed value for the other 26 properties was more than $6.9 million.
By the time of a review conducted by the newspaper in December, the property footprint of the Wold businesses was shrinking. County records in November listed 24 properties for Andrew Wold Investments.
As of late May, sales of Wold-associated properties continue, according to county property records. Andrew Wold Investments has shed seven properties in 2024.
All of them were listed as two-family residences, records showed. The LLC sold the properties to a mix of individuals and other limited liability companies.
The total amount of the sale of these seven properties was $813,900, property records state. Their 2024 assessed value was $936,430.
Records state that Andrew Wold Investments or Wold purchased the seven in 2019 for a total price of $731,000.
The 2024 assessed value of the eight properties still listed as owned by Andrew Wold Investments in late May was $3,169,660.
The Roosevelt Building located at 307 West 6th Street in Davenport. It is one of the apartment buildings owned by Andrew Wold Investments LLC.
These included The Roosevelt, 307 W. 6th St., with a 2024 assessed value of $2,040,800; and the building housing the M Lounge, 217 Brady St., valued at $395,900.
Records show that Davenport Hotel LLC and the other LLCs and cooperatives associated with Wold had not sold any properties as of the newspaper’s May review. Their total 2024 assessed value — not including the 324 Main property — was $3,269,430.
The 2024 assessed value of the collapse site, now a grass-covered lot, was $237,330. When Davenport Hotel LLC purchased the property in 2021, it paid almost $4.2 million for it and the four associated parking lots.
The total 2024 assessed value of all of the properties still owned by the Wold businesses, including 324 Main and the AWI properties, was almost $6,676,420 as of late May, records show.
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Tuesday demolition at The Davenport
A pincher claw picks up large chunks of building as demolition continues on the collapsed The Davenport apartments at 324 Man street Tuesday in downtown Davenport.
Demolition continues on the collapsed The Davenport apartments at 324 Man street Tuesday in downtown Davenport.
Demolition of The Davenport, the apartment and businesses building that partially collapsed at 324 Main St., created more than 11,000 tons of debris.
Demolition continues on the collapsed The Davenport apartments at 324 Man street Tuesday in downtown Davenport.
People gather along the fences to take photos of the demolition that continues on the collapsed The Davenport apartments at 324 Man street Tuesday in downtown Davenport.
Demolition continues on the collapsed The Davenport apartments at 324 Man street Tuesday in downtown Davenport.