Encyclopedia Dubuque
"Encyclopedia Dubuque is the online authority for all things Dubuque, written by the people who know the city best.”
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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
PENN PLACE
PENN PLACE. The westside apartment complex originally known as Hamilton Glen Apartments was constructed by Hamilton Glen Associates. Low occupancy, however, led the company in 1975 to obtain a loan of $275,000 from BANCO MORTGAGE COMPANY. Thomas S. Honsa, a Moline dentist and president of Hamilton Glen Associates, claimed the financial problems of the $2.9 million, 198-unit complex, was due to poor insulation. A $1.75 million suit had been filed against the insulation company. (1)
In June, 1978 Banco filed suit seeking repayment of the money due. In August Banco was named the receiver of the property. (2)
In February 1979, a Dubuque investment group headed by Eric Schulz and Jesse McIntyre purchased the complex for $3.4 million, believed then to be the single largest real estate transaction recorded in Dubuque County. At the time Hamilton Glenn comprised 198 apartments in fourteen buildings with garages and a swimming pool. The buildings were located on seventeen acres located across from STEPHEN HEMPSTEAD HIGH SCHOOL along Pennsylvania Avenue.
The 1977 Dubuque City Directory listed 3652, 3702, and 3700 Pennsylvania Avenue.
The 1980 Dubuque City Directory listed 3652 and 3700 Pennsylvania Avenue.
The 1983 through 1993 Dubuque City Directory listed only 3652 Pennsylvania.
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Source:
1. "Mortgage Company to Take Control of Hamilton Glen," Telegraph Herald, August 2, 1978, p. 8
2. Ibid.
