The Historic Crescent Warehouse District in downtown Davenport once anchored the city's thriving industrial trade along the Mississippi River, including several paper manufacturers, a macaroni factory and an ironworks. With the decline of industrialization in the mid to late 20th century, many buildings in the Crescent Warehouse District were vacated, a symbol of an economy that had passed.

In 2003, The Alexander Company of Madison, Wisconsin, an award winning national developer specializing in the rehabilitation of historic structures, undertook the task of restoring several structures in the area with the ultimate goal of riverfront revitalization and renewed economic prosperity for the district.